The amount of any deferred assessments, including interest at a rate determined by the legislative body, shall be due and payable whenever the parcel of property upon which the assessment was levied is transferred, or at the time of last maturity of the bonds issued for the improvement pursuant to this division, or at other times as determined by the legislative body.
Cal. Sts. & High. Code § 10706
Deferral of Assessments
Known as the Municipal Improvement Act
The act spans §§ 10000–10706 (149 sections).
Added by Stats. 1984, Ch. 1298, Sec. 29.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.