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8390-8396 Sale by Agreement: Resale by Purchasing Agency

8390. AGENCY'S NOTICE TO TAX COLLECTOR
This section was deleted on January 1, 2001.

8391. REPORT OF SALE TO THE CONTROLLER
This section was deleted on January 1, 1999.

8392. REPORT OF SALE TO THE ASSESSOR
Within 10 days after the sale, the tax collector must report to the assessor (Rev. & Tax. Code §3716). The report shall contain the following:

1) The name of the purchaser (Rev. & Tax. Code §3716(a));

2) The date of the deed to the purchaser (Rev. & Tax. Code §3716(b));

3) The amount for which the property was sold (Rev. & Tax. Code §3716(c)); and

4) The description of the property conveyed (Rev. & Tax. Code §3716(c)).

NOTE: See M-8173 - M-8193.

8393. REPORT OF SALE TO THE TREASURER AND AUDITOR
After depositing the money received from the sale, the tax collector shall immediately transmit a report to the treasurer and a duplicate report to the county auditor (Rev. & Tax. Code §3718). This report shall include:

1) The cost of advertising the sale, including but not limited to the published notice required by Revenue and Taxation Code section 3702 (Rev. & Tax. Code §3718(a));

2) The sums received for individual parcels (Rev. & Tax. Code §3718(b));

3) Identification of parcels by year, page, and number of the delinquent and the current roll (Rev. & Tax. Code §3718(c)); and

4) The cost of recording the deeds (Rev. & Tax. Code §3718(d)).

8394. MARKING OF RECORDS
The tax collector must note, opposite each property on the margin of each delinquent and current roll, the fact and date of the resale. Any charges against the tax collector shall be reduced accordingly (Rev. & Tax. Code §3813, M-8382).

Those counties using only microfiche or computer-stored assessments must keep some form of supplemental notation appropriate for providing an "audit trail."

8395. IF UNSOLD BY PURCHASING AGENCY
This section was deleted on January 1, 2001.

8396. DEPOSITS OF PROCEEDS
Any payment required by an agreement under Chapter 8 is made to the county tax collector and, except as provided in Revenue and Taxation Code section 3791.5, is deposited in the delinquent tax fund in the same manner as tax collections. The auditor then distributes the payment like proceeds from the sale of tax-defaulted property (Rev. & Tax. Code §3808 and M-8501).

See M-8500 et seq. for a discussion of the distribution of the proceeds.