54238.8. (a) Any surplus residential property purchased at an affordable price pursuant to this article shall be assessed at its affordable price for property tax purposes.
(b) Any surplus residential property purchased at a reasonable price pursuant to this article shall be assessed at its reasonable price for property tax purposes.
(c) This section shall only apply to surplus residential properties for State Route 710, in the County of Los Angeles.
(Added by Stats. 2017, Ch. 20, Sec. 4. (AB 115) Effective June 27, 2017.)