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2017 California Code
Streets and Highways Code - SHC
DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915
PART 9 - ASSESSMENT LIENS AND REASSESSMENTS
Section 8700.
Universal Citation: CA St & Hwy Code § 8700 (2017)
8700.
In the event bonds are ordered to be issued, the unpaid assessments, as shown on the list filed by the street superintendent and determined by the legislative body, 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 principal of the bonds and for the interest which may be due thereon.
(Added by Stats. 1941, Ch. 79.)
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