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65 California Attorney General Reports and Opinions 1 (1982)

handle is hein.sag/sagca0065 and id is 1 raw text is: OPINIONS OF THE ATTORNEY GENERAL OF CALIFORNIA Opinion No. 81-209-January 7, 1982 SUBJECT: TAX DEED SALE (INTEREST)-A person who has been awarded the excess proceeds from a tax deed sale, after a judicial hear- ing as provided in Rev & Tax C § 4675, is not entitled to interest on that award. Requested by: COUNTY COUNSEL, SOLANO COUNTY Opinion by: GEORGE DEUKMEJIAN, Attorney General John T. Murphy, Deputy The Honorable Milton Goldinger, County Counsel, County of Solano, has request- ed an opinion on a question which we have rephrased as follows: Is a person who has been awarded the excess proceeds from a tax deed sale, after a judicial hearing as provided in Revenue and Taxation Code section 4675, entitled to interest on that award and, if so, how is that interest calculated? CONCLUSION A person who has been awarded the excess proceeds from a tax deed sale, after a judicial hearing as provided in Revenue and Taxation Code section 4675, is not entitled to interest on that award. ANALYSIS Under Revenue and Taxation Code section 3691,1 the tax collector is empowered to sell all or any portion of the tax-deeded property. The disposition of the proceeds of such a sale is prescribed in sections 4671-4676. As part of this statutory distribution plan, section 4674 concerns excess proceeds: I Unless otherwise indicated, all further statutory references will be to the Revenue and Taxation Code. I