California Streets and Highways Code

§ 9271

SHC § 9271Div. 11 · Ch. 8 · Art. 3

Statute text

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.

Legislative history

Added by Stats. 1951, Ch. 463.