A. Sections 3.24.090 and 3.24.130 of this code 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Section 401 of the Revenue and Taxation Code, at which time Section 4(b)(4) and Section 5(b)(3) of Ordinance 86-NS as originally enacted shall become inoperative.

B. In the event that Sections 3.24.090 and 3.24.130 of this code 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assessments by Section 401 of the Revenue and Taxation Code, Section 4(b)(4) and Section 5(b)(3) of Ordinance 86-NS as originally enacted shall become operative on the first day of the month following the month in which such higher ratio is adopted, at which time Section 4(b)(4) and Section 5(b)(3) of Ordinance 86 NS as originally enacted shall become inoperative until the first day of the month following the month in which the board again adopts an assessment ratio for State-assessed property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 Sections 3.24.090 and 3.24.130 shall again become operative and Section 4(b)(4) and Section 5(b)(3) of Ordinance 86-NS as originally enacted shall become inoperative. (Ord. 186 NS § 4, 1973; prior code § 9-25.1.)