California § 9504. 9504. (Added by Stats. 1984, Ch. 496, Sec. 1.)

California Statutes

§ 9504. — 9504. (Added by Stats. 1984, Ch. 496, Sec. 1.)

California § 9504.

Code SHCStreets and Highways Code - SHC

Div. 11.5.DIVISION 11.5. REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS

Ch. 1.CHAPTER 1. General Provisions and Definitions

This text of California § 9504. (9504. (Added by Stats. 1984, Ch. 496, Sec. 1.)) 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 § 9504. (2026).

Text

It is the intention of this division that the outstanding bonds and the original assessments shall remain in full force and effect and secured by the original assessments until superseded and supplanted by reassessments and refunding bonds validly and legally issued pursuant to this division, at which time the reassessments shall become the security for the refunding bonds and the refunding escrow shall become the security for any outstanding bonds not exchanged for refunding bonds.

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It is the intention of this division that the outstanding bonds and the original assessments shall remain in full force and effect and secured by the original assessments until superseded and supplanted by reassessments and refunding bonds validly and legally issued pursuant to this division, at which time the reassessments shall become the security for the refunding bonds and the refunding escrow shall become the security for any outstanding bonds not exchanged for refunding bonds.

Legislative History

Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.

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California § 9504., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/9504..