Annually on or before June 30th, the board shall prepare an estimate of the expenditures required for the maintenance, operation, repair, and improvement of the parking places under its charge for the ensuing fiscal year, and required during that year for the acquisition of additional parking places, if any.
Vehicle Parking District Law ofTaxation
Section § 31820
Every year by June 30th, a board must estimate how much money they'll need to maintain, run, fix, and improve their parking areas for the upcoming year. They also need to include any funds needed to buy more parking spaces if necessary.
annual budget estimate expenditure planning fiscal year preparation
Section § 31821
This law requires the board to estimate how much money will come from rental fees, charges for using parking spots, and how much money needs to be raised through taxes. If taxes are needed to buy more parking spots, that amount must be listed separately.
The board shall also estimate the amount of revenues to be derived from rentals, fees, or charges for the use of the parking places and the amount, if any, to be raised by taxation. The amount to be raised by taxation for the acquisition of additional parking places shall be stated separately.
parking revenues rental fees usage charges
Section § 31822
This law requires that an estimate of the funds needed be filed with the legislative body. Based on this estimate, a special property tax, called an ad valorem tax, will be collected from all taxable land and buildings in a specific district to raise the necessary amount of money at the same time as general taxes are collected.
The estimate shall be filed with the legislative body, and at the time and in the manner for levying general taxes, the legislative body shall levy and collect upon and against all of the taxable land and improvements within the district a special ad valorem tax sufficient to raise the sum of money estimated as required to be raised by taxation.
ad valorem tax property tax taxable land
Section § 31823
This law section states that the amount of tax that can be charged each year for taking care of and improving parking spaces in a district is limited to $0.15 for every $100 of the property's value. Meanwhile, the tax for buying new parking spaces can't go over $0.25 per $100 of the property's value in that district.
The tax levy for maintenance, operation, repair, and improvement of parking places in any year shall not exceed fifteen cents ($0.15) on each one hundred dollars ($100) assessed value of taxable land and improvements within the district. The tax levy for acquisition of additional parking places in any year shall not exceed twenty-five cents ($0.25) on each one hundred dollars ($100) assessed value of taxable land and improvements within the district.
tax levy limit parking places maintenance property tax rate
Section § 31824
This section states that a special tax will be imposed and collected just like general taxes. This means it will happen at the same time, in the same way, by the same people, and with the same consequences for late payment.
The special tax shall be levied and collected at the same time, in the same manner, by the same officers, and with the same interest and penalties as general taxes levied by the legislative body.
special tax tax collection same manner as general taxes
Section § 31825
This law states that any money collected from a tax specifically for maintaining, operating, repairing, and improving parking places must be put into a special fund. This fund is to be used only for those purposes and is managed by the board in charge of the parking areas.
The proceeds of the tax levied for maintenance, operation, repair, and improvement shall be placed in the district maintenance and operation fund and expended only for the maintenance, operation, repair, and improvement of parking places under the control of the board.
tax proceeds parking places maintenance operation fund
Section § 31826
The money collected from a tax specifically meant for acquiring parking spaces must be kept in a separate account and used only for buying parking spots; it can't be used for anything else.
The proceeds of the tax levied for the acquisition of parking places shall be placed in a separate fund of the district and shall be expended only for the purpose for which it was levied.
parking tax acquisition of parking places separate fund
Section § 31827
This law states that any money collected from fees, charges, or rent for using district parking spaces must be given to the treasurer. The treasurer will deposit the funds into an account chosen by the board. These funds can then be used to buy, enhance, maintain, fix, or operate parking spaces for the district's benefit.
All revenues from fees, charges, or rentals for the use of any parking place of the district shall be turned over to the treasurer and by him placed in such fund as the board designates, and may be used for the acquisition, improvement, maintenance, repair, and operation of any parking places for the use and benefit of the district.
parking revenue parking fees district treasurer
Section § 31828
If the board finds that income from fees, charges, and rentals is more than needed for the upkeep and expansion of parking facilities, they can decide to use the extra money to reduce assessments. The reduction for each assessment is based on how much it originally contributed compared to the total of all assessments. However, the total reductions for each assessment cannot go beyond the original amount owed.
If the board determines that the revenues from fees, charges, and rentals exceeds the amounts necessary for the proper maintenance, operation, repair and improvement of the parking places, and the acquisition of additional parking places, upon the order of the board the surplus revenue may be applied as a credit to each assessment in the proportion which the principal amount of each assessment bears to the total principal amount of all the assessments. The credit to each assessment, when added to all prior credits to that assessment, shall not exceed the principal amount of that assessment.
surplus revenue parking facilities assessment credit
Section § 31829
If someone paid an assessment in cash, they can get a refund in cash. They must show proof that they made the payment to receive their refund.
If the assessment has been paid in cash, the credit shall be returned in cash to the person who paid the corresponding assessment, upon his furnishing satisfactory evidence of such payment.
cash refund assessment payment proof of payment
Section § 31830
If you owe money from an assessment and haven't paid it, any credits you receive will first go towards your earliest unpaid bills. This applies both to the main amount and the interest you owe. If any credits are left over after covering all your debts, they will be returned to you following the rules in a related section.
If the assessment is unpaid, the credit shall be applied upon the earliest unpaid installment or installments of principal and interest and any excess over the total principal and interest remaining unpaid shall be returned as provided in Section 31829.
assessment unpaid installment principal and interest
