Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 6468.4 — Issuance of Bonds to Represent Unpaid Assessments Against Publicly Owned Property
Cal. Sts. & High. Code § 6468.4
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Sts. & High. Code § 6468.4 — Issuance of Bonds to Represent Unpaid Assessments Against Publicly Owned Property is in force in the current edition of the Code, and nothing recorded condemns it.
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.