DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 7. Recordation of Reassessment 9225-9231

§ 9231

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

When refunding bonds are issued, the reassessments and any reassessments which may be issued thereon or in lieu thereof, together with interest thereon, shall remain and constitute a trust fund for the redemption and payment of the refunding bonds and the interest thereon.

(Added by Stats. 1951, Ch. 463.)

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California Streets and Highways Code

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