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2017 California Code
Streets and Highways Code - SHC
DIVISION 11 - REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915”
CHAPTER 7 - Recordation of Reassessment
Section 9231.
Universal Citation: CA St & Hwy Code § 9231 (2017)
9231.
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.
(Added by Stats. 1951, Ch. 463.)
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