Streets and Highways Code section 9542

When refunding bonds are issued, the reassessments and any reassessments which may be issued thereon or in lieu thereof, together with interest thereon, shall remain and constitute a trust fund for the redemption and payment of the refunding bonds and the interest thereon.

Source: Section 9542, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=9542. (updated Jul. 17, 1984; accessed Sep. 1, 2025).

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Up to date

Verified:
Sep. 1, 2025

§ 9542's source at ca.gov

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Location: https://california.public.law/codes/streets_and_highways_code_section_9542

Original Source: Section 9542, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=9542. (last accessed May 12, 2025).