(A) For the purpose of the computations required by Cal. Revenue and Taxation Code § 97, the amount of property tax presumed to have been received by the county in the prior fiscal year shall be increased by the amount of property tax administrative costs for the prior fiscal year attributable in incorporated cities.
(B) The Clerk-Auditor-Recorder shall submit an invoice to all local jurisdictions other than the county for the property tax administrative costs for the prior fiscal year attributable to the local jurisdictions.
(C) In addition to any remedy otherwise available to it, the county may retain up to one-half of any increased property tax allocation to which an incorporated city or a local jurisdiction may otherwise be entitled, but not to exceed the amount of property tax administrative costs to which the county is entitled plus accrued interests.
(D) Any invoice for property tax administrative costs which remains unpaid in whole or in part after 30 days and for which the county is unable to retain increased property tax allocations, shall bear interest at the legal rate per annum established pursuant to Cal. Code of Civil Procedure § 685.010, on the unpaid balance thereof.
(1966 Code, § 22-6) (Ord. 590, § 1(part))