After the filing of the written statement of all payments received upon the assessment, all amounts remaining due on any assessment, except those assessments for which bonds have been issued or are to be issued, shall draw interest at the rate of 1 percent per month until paid, the interest to be computed from the 31st day after the recordation of the warrant.
Cal. Sts. & High. Code § 5395
Demanding Payment of the Assessment
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Amended by Stats. 1963, Ch. 1249.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.