The notice of assessment recorded with the county recorder pursuant to Section 3114 shall include the following statement:
Notice is further given that unpaid assessments are subject to interest at a variable interest rate.
Cal. Sts. & High. Code § 8665.5
VARIABLE INTEREST RATE BONDS
Known as the Improvement Bond Act
The act spans §§ 8500 to 8887 (148 sections).
Added by Stats. 1985, Ch. 1332, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.