DIVISION 7. THE IMPROVEMENT ACT OF 1911 5000-6794›PART 5. IMPROVEMENT BONDS 6400-6640›CHAPTER 4.5. Issuance of Bonds to Represent Unpaid Assessments Against Publicly Owned Property 6468-6468.8

§ 6468.4

California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California

The treasurer shall keep a separate redemption fund, properly designated, into which he shall place all sums received by him from the collection of the assessments against public property for bonds issued under the provisions of this chapter and for interest and penalties thereon and from which fund he shall disburse and pay the bonds and the interest due thereon upon presentation of the proper bonds and coupons. Under no circumstances shall the bonds or the interest thereon be paid out of any other fund.

(Added by Stats. 1969, Ch. 770.)

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California Streets and Highways Code

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