50286. Cancellation.
California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures · 2026 edition · updated 2026-07-29 · California
(a) If a contract is canceled under Section 50284, the owner shall pay a cancellation fee equal to 121/2 percent of the current fair market value of the property, as determined by the county assessor as though the property were free of the contractual restriction.
(b) The cancellation fee shall be paid to the county auditor, at the time and in the manner that the county auditor shall prescribe, and shall be allocated by the county auditor to each jurisdiction in the tax rate area in which the property is located in the same manner as the auditor allocates the annual tax increment in that tax rate area in that fiscal year.
(c) Notwithstanding any other provision of law, revenue received by a school district pursuant to this section shall be considered property tax revenue for the purposes of Section 42238 of the Education Code, and revenue received by a county superintendent of schools pursuant to this section shall be considered property tax revenue for the purposes of Article 3 (commencing with Section 2550) of Chapter 12 of Part 2 of Division 1 of Title 1 of the Education Code.
Get a plain-English answer with a citation back to this text.
Ask AI about this code▸ Contents — California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures
- California State Law & Historic Preservation
- TABLE OF CONTENTS
- INTRODUCTION
- Historical Resources
- 5020.7. Legislative Intent.
- 5022. Landmark and Point of Interest Plaques.
- 5025.12.
- 5031. Qualified Historical Property.
- 5033. Authority to adopt rules.
- Heritage Fund
- Creation of funds; administration of funds.
- Deposits.
- 5079.12.
- 5079.13.
- 5079.14.
- 5079.15.
- 5079.21.
- 5079.40.
- 5079.50.
- 5079.51.
- 5079.61.
- Archeological Sites
- 5097.1.
- 5097.3.
- Native American Heritage
- California Environmental Quality Act
- Public Records
- Capitol View Protection
- State Capitol Commission
- 9149.6.
- 9149.7.
- 9149.9.
- California Main Street Program
- 15399.1. Legislative intent.
- 15399.4.
- Local Government
- City Property
- 50280. Restriction of property use.
- Fees.
- 50282. Renewal.
- 50284. Cancellation.
- 50285. Consultation with state commission.
- 50286. Cancellation.
- 50287. Action to enforce contract.
- 50288. Eminent domain.
- 50289. Annexation by city.
- 50290. Consultation with state commission.
- 65303. Authority for preservation elements.
- Human Remains
- Hazardous Buildings
- 18950. Short title.
- 18951. Purpose.
- 18952. Application.
- 18953. Intent.
- 18954. Repairs, alterations and additions.
- 18957. Authorized building and fire officials.
- 18961. Review enforcement and administration.
- 37600. Short title.
- 37601. Legislative finding and declaration.
- 37603. Request for information by SHPO.
- 37621. Fees.
- 37622. Service of loans.
- 37623. Powers.
- 37624. Revenues.
- 37625. Rules and regulations.
- 37628. Citizen participation.
- 37629. Adoption of criteria of selection.
- 37630. Prohibition discrimination.
- 37631. Limitation of actions.
- 37640. Negotiable bonds.
- 37641. Serial or term bonds.
- 37642. Terms and conditions.
- 37643. Personal liability.
- 37644. Purchase by local agency.
- 37645. Trust agreements.
- 37646. Enforcement rights and duties.
- 37647. Payment of bonds.
- 37648. Refunding bonds.
- 37649. Legal investments.
- 37650. Exercise of powers for benefit.
- 37660. Financing to participating parties.
- 37661. Loan agreements.
- 37662. Trust funds.
- Easements
- 815.1. Conservation easement defined.
- 815.2. Interest in real property.
- 815.3. Entities authorized to acquire.
- 815.4. Grantors.
- 815.5. Recordation.
- 815.9. Political Subdivision; authority to hold comparable eas…
- 815.10. Enforceable restrictions.
- Historic Property Restriction
- 439.1. Historical Property; definitions.
- 439.2. Historical Property; valuation.
- 439.3. Historical Property; notice of nonrenewal.
- 439.4. Historical Property; recordation.
- Destruction of Historical Properties
- 4850. Authority.
- 4853. Application Format.
- 4854. Application Procedures.
- 4858. Saving Clause.
- Appendix A. A Glossary of Terms as used in the California Regi…
- CEQA Guidelines (Title 14, Chapter 3)
- 15126.4 Consideration and Discussion of Mitigation Measures Pr…
- [NOT INCLUDED]
- A Glossary of Terms as used in the California Register of Hist…