California Statutes
§ 9271. — 9271. (Added by Stats. 1951, Ch. 463.)
California·Code SHC Streets and Highways Code - SHC·Div. 11. DIVISION 11. REFUNDING OF BONDS ISSUED UNDER THE “IMPROVEMENT BOND ACT OF 1915”·Ch. 8. CHAPTER 8. Payment and Collection of Reassessments·Art. 3. ARTICLE 3. Payment of Entire Assessment
If an owner pays a reassessment in a lump sum and the proceeds of that payment are used for the purchase or call of a bond, the person paying the reassessment shall be entitled to credit and reimbursement of his proportion of the interest saved by such purchase or call, less his proportion of any costs incurred for publishing or serving any notice of purchase or call for redemption.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 9271. (9271. (Added by Stats. 1951, Ch. 463.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1951, Ch. 463.