California Statutes
§ 8706. — 8706. (Amended by Stats. 1993, Ch. 194, Sec. 17.)
California § 8706.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 10.DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915
Part 9.PART 9. ASSESSMENT LIENS AND REASSESSMENTS
This text of California § 8706. (8706. (Amended by Stats. 1993, Ch. 194, Sec. 17.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Streets and Highways Code - SHC Code § 8706. (2026).
Text
When made, the reassessment shall constitute a trust fund for the redemption and payment of the original bonds issued against the original assessment; or the legislative body may call in the original issue of bonds outstanding and issue new bonds upon the security of the reassessment in lieu thereof. If the legislative body determines that new bonds shall be issued upon the security of the reassessment, the notice of hearing upon the reassessment shall contain a declaration of intention to issue bonds substantially in the form provided for in Section 8573. Upon confirmation of the reassessment the legislative body may issue the new bonds in the manner that it determines.
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Legislative History
Amended by Stats. 1993, Ch. 194, Sec. 17. Effective January 1, 1994.
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California § 8706., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/8706..