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2020 California Code
Streets and Highways Code - SHC
DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS
CHAPTER 2 - Reassessment Proceedings
Section 9542.
Universal Citation: CA St & Hwy Code § 9542 (2020)
9542.
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. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
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