DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” 9000-9481›CHAPTER 8. Payment and Collection of Reassessments 9250-9291›ARTICLE 2. The Redemption Fund 9260-9263

§ 9261

California Streets and Highways Code · 2020-11 edition · updated 2026-10-04 · California

A city proceeding under this division may at its discretion temporarily transfer money into the redemption fund from other funds in which such moneys are not immediately needed. The money so transferred shall be used to pay sums due from the redemption fund and shall be retransferred therefrom out of the first available receipts.

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

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California Streets and Highways Code

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