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HomeGovernment CodeDiv. 2Pt. 2Ch. 9Art. 1§ 25902 Fair Property Sale Repayment

§ 25902 Fair Property Sale Repayment

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25902 Fair Property Sale Repayment

Key Takeaways

  • •If a county sells land or buildings that were bought or fixed up with state money for fairs, they have to pay some of that money back to the state.
  • •The amount they pay back is based on how much of the original cost came from the state.
  • •They can subtract a little bit for wear and tear (like how a car loses value over time), but the state has to agree on how much.

Example

A county sells a fairground that was bought with some state money.

If the county got $100,000 from the state to buy the fairground and later sells it for $500,000, they have to pay back a share of the sale money to the state. They can subtract a little for depreciation, but the state decides how much.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 25902 Fair Property Sale Repayment

If any real property which was acquired or used for fair purposes and which was purchased or improved in whole or in part from funds apportioned or allocated to the county for fair purposes by the state is sold by any county, there shall be paid into the Fair and Exposition Fund in the State Treasury from the proceeds of the sale an amount equal to that proportion of the cost of the real property and improvements which was paid for out of funds apportioned or allocated by the state for fair purposes, less a reasonable allowance for depreciation in value in an amount approved by the Department of Agriculture. (Amended by Stats. 1965, Ch. 693.)

Last verified: January 22, 2026

Key Terms

allowancepropertyportdepreciationexposition fundstate treasury

Related Statutes

  • § 25903 County Fair Improvement Funding
  • § 25905 County Fair Nonprofit Contracts
  • § 25907 County Park Lease Authority
  • § 25908 County Fairground Leasing Authority
  • § 38414 Park Land Damage Payments

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 25902.
View Official Source