A. CVMC 3.36.100 and 3.36.150 shall become operative on January 1st of the year following the year in which the State Board of Equalization adopts an assessment ratio for state-assessed property which is identical to the ratio which is required for local assessments by Section 401 of the Revenue and Taxation Code, at which time CVMC 3.36.090 and 3.36.140 shall become inoperative.

B. In the event that CVMC 3.36.100 and 3.36.150 become operative and the State Board of Equalization subsequently adopts an assessment ratio for state-assessed property which is higher than the ratio which is required for local assessments by Section 401 of the Revenue and Taxation Code, CVMC 3.36.090 and 3.36.140 shall become operative on the first day of the month following the months in which such higher ratio is adopted, at which time CVMC 3.36.100 and 3.36.150 shall become inoperative until the first day of the month following the month in which the Board again adopts an assessment ratio for state-assessed property which is identical to the ratio required for local assessments by Section 401 of the Revenue and Taxation Code, at which time CVMC 3.36.100 and 3.36.150 shall again become operative and CVMC 3.36.090 and 3.36.140 shall become inoperative. (Ord. 1501 § 4, 1973; prior code § 30.11).