SECTIONS 4511-4513 - California Statutes

REVENUE AND TAXATION CODE

SECTION 4511-4513

4511. Any county may, upon the recommendation of the tax collector,
and by resolution of the board of supervisors of that county adopted
during the fiscal year for which it is to first apply, sell tax
certificates. If the board orders the discontinuance of the
procedures authorized by this part, all of the following shall occur:
(a) All of the provisions of this part, other than Section 4521,
shall remain in full force and effect until all tax certificates have
been canceled.
(b) The county shall maintain the Tax Certificate Redemption Fund
until all tax certificates have been canceled.
(c) After all tax certificates have been canceled, all funds on
deposit in the Tax Certificate Redemption Fund shall be paid to the
tax collector to be applied and distributed in the same manner as
amounts received from the collection of taxes and assessments and any
costs, fees, penalties, or other amounts related thereto.

4512. In each county that elects to sell tax certificates, there
shall be created a Tax Certificate Redemption Fund. Moneys in the Tax
Certificate Redemption Fund shall be used exclusively for the
purposes described in Section 4527.

4513. Nothing in this part shall reduce, change, affect, or
otherwise alter the rights of any property owner or taxpayer that
exist in the absence of this part. Under no circumstances shall the
property owner or taxpayer be required to pay more than would have
been owed if the sale of a tax certificate had not occurred.