Cal. Sts. & Hy. Code § 9231
Current through the 2023 Legislative Session.
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.
Ca. Sts. and High. Code § 9231