California Streets and Highways Code 9617 – Following the issuance of any refunding bonds pursuant to this …
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Following the issuance of any refunding bonds pursuant to this article, the legislative body of the city shall provide for the payment of principal and interest thereon in the same manner and at the same times as it provides for payment of principal and interest on bonds issued pursuant to the act. The reassessments levied pursuant to this division shall be and constitute security for the payment of the refunding bonds in the same manner as the original unpaid assessments constituted security for the refunded bonds.
(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
Terms Used In California Streets and Highways Code 9617
- act: as used in this division , means the Improvement Bond Act of 1915. See California Streets and Highways Code 9517
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15