CA AB1085

Requires the County of Madera auditor to make an allocation adjustment of $5,856,457 for fiscal years 2005–06 through 2013–14 based on a September 2015 Controller's audit, less $1,228,734 previously reallocated, resulting in a net transfer of $4,627,723.

The $4,627,723 reallocation shall be transferred from the county Educational Revenue Augmentation Fund (ERAF) to correct the misallocation of vehicle license fee swap moneys.

Overrides the standard 1% reallocation or adjustment limit in property tax law specifically for Madera County to allow the full corrective adjustment.

Requires the reallocation to be completed over nine fiscal years beginning with 2021–22, or as otherwise negotiated between Madera County and the State Controller.

Imposes a state-mandated local program on Madera County, with reimbursement procedures established under Government Code Section 17500 et seq. if mandated costs are determined.