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Cal. Sts. & High. Code § 8778

REDEMPTION FUND DEFICIENCIES

Known as the Improvement Bond Act

The act spans §§ 8500 to 8887 (148 sections).

Added by Stats. 1941, Ch. 79.

If a deficiency remains in the redemption fund after one year from the issuance of the bonds, the legislative body may require all persons interested to appear before it at a day, hour and place fixed by it for a hearing and to show cause why a supplemental assessment should not be made to pay for the cost and incidental expenses of the original work done upon which the original assessments were made upon which the bonds were issued.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.