Statute · California Government Code
Cal. Gov't Code § 51243.6 — Contracts
Cal. Gov't Code § 51243.6
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2003-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The Legislature finds and declares the following:
Citator
Cal. Gov't Code § 51243.6 — Contracts is in force in the current edition of the Code, and nothing recorded condemns it.
The Legislature finds and declares the following:
(a) The enforceability of contracts entered into pursuant to this article is necessary to permit the preferential taxation provided to the owners of land under contract, pursuant to Section 8 of Article XIII of the California Constitution.
(b) The option granted to a city pursuant to Section 51243.5 to elect not to succeed to a contract may be held only by the city.
(c) No contracting landowner has a reasonable expectation that a contract can be terminated immediately pursuant to this article without penalty.