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.
Cal. Sts. & High. Code § 9617
Issuance of Refunding Bonds
Known as the Refunding Act of 1984 for 1915 Improvement Act
The act spans §§ 9500–9707 (83 sections).
Added by Stats. 1984, Ch. 496, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.