Streets and Highways Code - SHC
DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915” [9000 - 9481]
( Division 11 added by Stats. 1951, Ch. 463. ) CHAPTER 7. Recordation of Reassessment [9225 - 9231]
( Chapter 7 added by Stats. 1951, Ch. 463. ) 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.)