Historically assessed property.

The California Constitution authorizes the Legislature to define property of historical significance and to require that, when that property is enforceably restricted in a manner specified by the Legislature, it be valued for property tax purposes only on a basis that is consistent with its restrictions and uses. Existing property tax law implementing this constitutional authority provides that property is "enforceably restricted" for this purpose if it is subject to a historical property contract executed pursuant to specified other law. This bill would make nonsubstantive changes to this definition of "enforceably restricted."