{"code":"RTC","codeName":"Revenue and Taxation Code","section":"402.2","citation":"Rev. & Tax. Code, § 402.2","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. PROPERTY TAXATION [50. - 5911.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1"},{"name":"PART 2. ASSESSMENT [201. - 1367.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2"},{"name":"CHAPTER 3. Assessment Generally [401. - 681.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3"},{"name":"ARTICLE 1. General Requirements [401. - 409.]","url":"https://blackletter.si/revenue-and-taxation-code/division-1/part-2/chapter-3/article-1"}],"history":"Added by Stats. 2016, Ch. 300, Sec. 1.   (AB 2450)   Effective January 1, 2017.","effective":"2017-01-01","html":"<p>Contracts with government agencies restricting the use of property for owner-occupied housing available at affordable cost shall be recorded. Nothing in this section shall be construed to prevent the assessor from considering a contract that restricts the use of the property to owner-occupied housing available at affordable housing cost, including under any locally adopted inclusionary housing program, for purposes of applying Section <a href=\"/rtc/402.1\">402.1</a> or subdivision (a) of Section <a href=\"/rtc/110\">110</a>.</p>","text":"Contracts with government agencies restricting the use of property for owner-occupied housing available at affordable cost shall be recorded. Nothing in this section shall be construed to prevent the assessor from considering a contract that restricts the use of the property to owner-occupied housing available at affordable housing cost, including under any locally adopted inclusionary housing program, for purposes of applying Section 402.1 or subdivision (a) of Section 110.","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/general-requirements-402-2","source":"California Legislative Information bulk export (pubinfo)"}