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DIVISION 11.5. REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS 9500-9707›CHAPTER 2. Reassessment Proceedings 9520-9548

§ 9542

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. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)

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California Streets and Highways Code

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