CA AB1707

Creates the Senior Citizens and Disabled Citizens Property Tax Postponement Fund as an interest-bearing account in the State Treasury, continuously appropriated to the Controller for administering property tax postponement programs.

Requires the Controller to transfer excess moneys from the fund to the General Fund when the balance exceeds $15,000,000 (as of June 30, 2018 and annually thereafter).

Establishes automatic transfers from the General Fund back to the postponement fund on June 30, 2023 and annually thereafter if the fund balance falls below $15,000,000, with transfers equal to the amount needed to reach $15,000,000.

Dedicates up to 1 percent of available fund disbursements annually (beginning July 1, 2019) for property tax postponement on manufactured home residential dwellings.

Makes an appropriation of General Fund moneys to maintain the postponement fund at the $15,000,000 minimum balance level.