California § 201.5 - Possessory interests in property acquired by or for the Capital Programs and Clim
Full text of California Public Contract Code - PCC § 201.5 — Possessory interests in property acquired by or for the Capital Programs and Clim, with citation guidance and answers to common questions.
§ 201.5. Possessory interests in property acquired by or for the Capital Programs and Clim
(a) Possessory interests in property acquired by or for the Capital Programs and Climate Financing Authority pursuant to Division 27 (commencing with Section 44500) of the Health and Safety Code, whether in real or personal property, shall be subject to taxation under this code. (b) If the amount determined pursuant to subdivision (a) is less than the amount of tax which would have been imposed if the participating party owned the pollution control facility, the contract or lease between the Capital Programs and Climate Financing Authority and such party shall provide that the difference between the amount of tax paid pursuant to subdivision (a) and the amount determined on the basis of the full cash value of the property shall be paid by such party to the tax collector for the taxing agency at the same time as the property tax is paid.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 201.5
What does Public Contract Code - PCC § 201.5 cover?
Section 201.5 ("Possessory interests in property acquired by or for the Capital Programs and Clim") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 201.5?
A common citation format is "Public Contract Code - PCC § 201.5" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 201.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.