Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 9542 — Reassessment Proceedings
Cal. Sts. & High. Code § 9542
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Date
- 1984-07-17
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Sts. & High. Code § 9542 — Reassessment Proceedings is in force in the current edition of the Code, and nothing recorded condemns it.
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.