reglab/housing_qa huggingface dataset:
CA St & Hwy Code § 8751.5 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8751.5.

8751.5.  In the event the treasurer receives for payment any interest coupon from a bond for which notice of advanced maturity has been given without the bond being surrendered to him or her, he or she shall mail a copy of the notice of advanced maturity to the address given for payment of the coupon and, if the coupon received is for interest which has ceased to accrue on the bond by reason of its advanced maturity, shall also return the interest coupon with the copy of notice. Failure of the holder or owner of the bond to receive the additional notice shall not affect the advancing of the maturity of the bond.(Added by Stats. 1987, Ch. 1388, Sec. 9.5.)
CA St & Hwy Code § 8752 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8752.

8752.  If notice of advanced maturity is given, the bond shall mature and become payable on the date fixed for maturity in the notice. The holder or owner of the bond may, prior to the date of advanced maturity, with the consent of the treasurer, surrender it and receive the principal and interest thereon to the date of payment together with the redemption premium provided for the bond. If the bond has not been sooner surrendered on the date fixed for advanced maturity, the treasurer shall set aside to the credit of the owner of the bond the amount of principal and accrued interest then due on the bond together with the redemption premium and the bond shall then be deemed to have matured and interest shall cease to accrue on the bond. The amount so set aside shall upon demand and upon the surrender and cancellation of the bond be paid to the holder or owner of the bond.(Amended by Stats. 1987, Ch. 1388, Sec. 10.)
CA St & Hwy Code § 8753 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8753.

8753.  The cost of serving or publishing the notice of advanced maturity shall be paid from the redemption fund.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8754 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8754.

8754.  More than one bond may be covered in a single notice of advanced maturity.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8755 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8755.

8755.  Prior to the surrender of any bond or the setting aside of any funds, the treasurer may waive and vacate any notice of advanced maturity upon being tendered for cancellation some other bond or bonds of an equivalent amount and of a maturity not earlier than that noticed, if 10 days’ notice of his intention so to do is first given by mail or otherwise to the holder or owner of the bond noticed for advanced maturity and such holder or owner has not objected to such action.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8756 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11 - ADVANCE RETIREMENT OF BONDS|Section 8756.

8756.  In selecting bonds for retirement, the treasurer shall follow the procedure set forth in Section 8768. The decision of the treasurer in selecting bonds for retirement shall be conclusive in the absence of fraud. The treasurer shall make provision for returning to owners releasing unpaid assessments under Part 8 all interest not accrued less the premium and interest paid on the bonds retired and the cost of administering retirement of the bonds.(Amended by Stats. 1971, Ch. 1140.)
CA St & Hwy Code § 8760 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8760.

8760.  The procedures of this part are alternative to Part 8 (commencing with Section 8680) and Part 11 (commencing with Section 8750) relating to the partial or full payment of assessments and advance retirement of bonds. Except as otherwise provided, Part 8 (commencing with Section 8680) and Part 11 (commencing with Section 8750) apply. When it is proposed to proceed under this part, it shall be so stated in the resolution of intention.(Amended by Stats. 1989, Ch. 104, Sec. 21.)
CA St & Hwy Code § 8766 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8766.

8766.  The owner of assessed land, except land which has been ordered to judicial foreclosure pursuant to Section 8830, may prepay the assessment and remove the lien of the assessment by paying to the treasurer all of the following:(a) The amount of any delinquent installments of principal and interest, together with penalties accrued to the date of prepayment.(b) The unpaid, nondelinquent principal of the assessment, including principal posted to the tax roll for the current fiscal year but not yet paid.(c) An allowance for redemption premium, calculated by multiplying the amount of the unmatured principal by the redemption premium percentage stated in the bonds. Unmatured principal excludes principal due during the fiscal year of prepayment.(d) A reasonable fee, fixed by the treasurer, for the cost of administering the prepayment and the advance redemption of bonds.(e) Interest accrued to the next call date of the bonds. The next call date is the next bond interest payment date which is not less than 90 days after the date of prepayment. Credit shall be given, or a refund provided, for installments of interest posted to the current tax roll and actually paid.(f) A credit for the reserve fund calculated pursuant to Section 8881.(Amended by Stats. 1989, Ch. 104, Sec. 22.)
CA St & Hwy Code § 8766.5 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8766.5.

8766.5.  The owner of assessed land, except land which has been ordered to judicial foreclosure pursuant to Section 8830, may prepay the assessment in part and remove the lien of the assessment in part by paying to the treasurer all of the following:(a) The amount of any delinquent installment of principal and interest, together with penalties accrued to the date of prepayment.(b) A portion of the unpaid, nondelinquent principal of the assessment in increments of five thousand dollars ($5,000).(c) An allowance for redemption premium, calculated by multiplying the amount of the unmatured principal being prepaid by the redemption premium percentage stated in the bonds.(d) A reasonable fee, fixed by the treasurer, for the cost of administering the prepayment and the advance redemption of bonds.(e) Interest accrued to the next call date of the bonds. The next call date is the next bond interest payment date which is not less than 90 days after the date of prepayment.(f) A credit for the reserve fund calculated pursuant to Section 8881.When an assessment has been partially prepaid, the treasurer shall issue a revised auditor’s record for that parcel, showing the proportionate reduction in assessment installments. Thereafter, the treasurer shall levy subsequent installments at the reduced rate.(Amended by Stats. 1990, Ch. 446, Sec. 16.)
CA St & Hwy Code § 8767 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8767.

8767.  Upon receiving a partial or full prepayment of an assessment, the treasurer shall deposit it in an assessment prepayment subaccount of the bond redemption fund. All prepayments may be commingled in a single account. From the account, the treasurer shall make disbursements as follows:(a) The administrative fee shall be deposited in the general fund of the city.(b) Delinquent principal, interest, and penalties shall be transferred to the redemption fund for the bonds. If a special reserve fund has been established for the bonds and has been depleted on account of the delinquencies, the delinquent amounts and penalties shall be transferred instead to the special reserve fund.(c) The installment of principal due in the fiscal year of prepayment shall be transferred to the redemption fund for the bonds.(d) Interest accrued to the next call date shall be transferred to the redemption fund for the bonds.(e) The balance in the assessment prepayment account shall be used to advance the maturity of bonds to the next call date, as provided in Part 11 (commencing with Section 8750). The amount of bonds to be retired shall be the maximum for which principal and redemption premium may be paid in full from the prepayment account. Accrued interest on bonds to be retired shall be paid from the redemption fund.(Amended by Stats. 1989, Ch. 104, Sec. 24.)
CA St & Hwy Code § 8768 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8768.

8768.  The treasurer shall select bonds for retirement in such a way that the ratio of outstanding bonds to issued bonds shall be approximately the same in each annual series insofar as possible. Within each annual series, bonds shall be selected for retirement by lot.(Repealed and added by Stats. 1987, Ch. 1388, Sec. 21.)
CA St & Hwy Code § 8769 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS|Section 8769.

8769.  Before issuing bonds pursuant to this division, the legislative body shall determine, and shall declare in the resolution of intention, one of the following:(a) The city will obligate itself to advance available funds from the city treasury to cure any deficiency which may occur in the bond redemption fund. If the legislative body determines to so declare under this subdivision, the legislative body may provide further security for the assessment bonds by creating an improvement district pursuant to the Benefit Assessment Act of 1982.(b) The city will not obligate itself to advance available funds from the city treasury to cure any deficiency which may occur in the bond redemption fund. A determination not to obligate itself shall not prevent the city from, in its sole discretion, so advancing funds.The determination made pursuant to this section shall be clearly stated in the text of the bonds issued pursuant to this division, and the title of the bonds shall include the words “Limited Obligation Improvement” in the event that the declaration in subdivision (b) is made.(Amended by Stats. 1990, Ch. 446, Sec. 17.)
CA St & Hwy Code § 8770 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8770.

8770.  If it appears to the treasurer that there is danger of an ultimate loss accruing to the bondholders for any reason, he or she shall withhold payment on all matured bonds and interest and report the facts to the legislative body so that proper action may be taken by that body to equitably protect all bondholders.(Amended by Stats. 1993, Ch. 194, Sec. 19. Effective January 1, 1994.)
CA St & Hwy Code § 8771 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8771.

8771.  On receipt of the report, the legislative body shall fix a date for hearing thereon. The clerk shall give notice of the hearing by posting for 10 days. At the hearing the legislative body shall determine whether in its judgment there will ultimately be insufficient money in the redemption fund to discharge the unpaid bonds and interest. If it determines that in its judgment there will be no such shortage, it shall direct the treasurer to pay matured bonds and interest as long as there is available money in the redemption fund.(Amended by Stats. 1985, Ch. 65, Sec. 24. Effective June 6, 1985.)
CA St & Hwy Code § 8772 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8772.

8772.  If the legislative body determines that in its judgment there will be a shortage in the redemption fund, it shall direct the treasurer to pay to the holders of all outstanding and unpaid bonds such proportion thereof as the amount of funds on hand bears to the total amount of the unpaid principal of the bonds and the interest which has accrued or will accrue thereon. Similar proportionate payments shall thereafter be made periodically as moneys come into the redemption fund.(Amended by Stats. 1985, Ch. 65, Sec. 25. Effective June 6, 1985.)
CA St & Hwy Code § 8773 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8773.

8773.  In order to facilitate the making of proportionate payments, the holders of outstanding bonds shall surrender them to the treasurer for registration and cancellation. Upon cancellation each holder shall be credited with the amount of his bond so canceled. Thereupon the treasurer shall by warrant pay to each holder the proportionate amount of principal and accrued interest due on his or her bonds as may be available from time to time out of the money in the redemption fund. Interest shall cease on payments made on account of principal from the date of payment, but interest shall continue to run on the unpaid principal at the rate specified in the bonds until payment thereof be made. No premiums shall be paid on payments made in advance of the due date. If bonds are not surrendered for registration and payment the treasurer shall give notice to the holder thereof by registered mail, at the holder’s address as last known to the treasurer, of the amount available for payment. Thereupon interest shall cease as to the amount so available for payment 10 days from the date of mailing of the notice.(Amended by Stats. 1993, Ch. 194, Sec. 20. Effective January 1, 1994.)
CA St & Hwy Code § 8774 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8774.

8774.  The legislative body may hold supplemental hearings on like notice and such other and supplemental orders may be made from time to time as may be equitable and proper.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8775 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8775.

8775.  If a deficiency occurs in the redemption fund with which to pay past due bonds, past due interest, or bonds or interest which will become due during the current tax collecting year, but it does not appear to the treasurer that there will be an ultimate loss to the bondholders, he shall pay matured bonds as presented and make interest payments when due as long as there are available funds in the redemption fund, in the following order of priority:(1) All matured interest payments shall be made before the principal of any bonds is paid.(2) Interest on bonds of earlier maturity shall be paid before interest on bonds of later maturity.(3) Within a single maturity, interest on lower-numbered bonds shall be paid before interest on higher-numbered bonds.(4) The principal of bonds shall be paid in the order in which the bonds are presented for payment. Any bond which is presented but not paid shall be assigned a serial number according to the order of presentment and shall be returned to the bondholder.Bonds not paid when presented, and interest payments not paid when due, shall bear interest at the rate stated in the bonds, without compounding, until paid.(Amended by Stats. 1985, Ch. 65, Sec. 27. Effective June 6, 1985.)
CA St & Hwy Code § 8776 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8776.

8776.  When funds become available for the payment of any bond which was not paid upon presentment, the treasurer shall notify the registered owner thereof by registered mail to present the bond for payment. If the bond is not presented for payment within 10 days after the mailing of the notice, interest shall cease to run on the bond.(Amended by Stats. 1985, Ch. 65, Sec. 28. Effective June 6, 1985.)
CA St & Hwy Code § 8778 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8778.

8778.  If a deficiency remains in the redemption fund after one year from the issuance of the bonds, the legislative body may require all persons interested to appear before it at a day, hour and place fixed by it for a hearing and to show cause why a supplemental assessment should not be made to pay for the cost and incidental expenses of the original work done upon which the original assessments were made upon which the bonds were issued.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8779 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8779.

8779.  Notice of the hearing shall be given by publication, and shall also be posted by the street superintendent in the same manner as provided by the law pursuant to which the work was done for the posting of notices of the passage of the resolution of intention. The first publication of the notice and the posting shall be completed 10 days before the time fixed for the hearing.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8780 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8780.

8780.  At the time set for the hearing the legislative body shall proceed to hear any person appearing and may determine whether or not such deficiency was due to the fact that the original assessment for such cost and incidental expenses was not apportioned equitably or in accordance with benefits. The hearing may be postponed from time to time. If it appears to the legislative body that the amount apportioned to any lot was less than the amount which such lot should equitably bear according to the benefit which it received from the improvement, the legislative body may levy a supplemental assessment apportioning to such lot the additional sums which it should equitably bear according to such benefits.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8781 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8781.

8781.  The cost of the publication and posting of the notice and of making the supplemental assessment may be included in the supplemental assessment. A copy of the order levying the supplemental assessment shall be recorded in the office of the street superintendent and from and after such recording, the sum therein levied on any lot shall be and constitute a lien thereon and thereafter bear interest at the rate specified in the bonds. The several amounts levied by the supplemental assessment shall be extended on the next succeeding tax rolls to be delivered to the tax collector and shall be collected in the manner provided for the collection of installments of the original assessments.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8782 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8782.

8782.  The legislative body may provide in its order levying the supplemental assessment that the supplemental assessments may be collected in annual installments during the remaining term of years during which the bonds run, an equal proportion of principal coming due in each of the remaining years. However, any property owner may pay the whole of the supplemental assessment subsequent to the order of the legislative body and before the amount has been extended on the tax roll, whereupon interest shall cease on such assessment.(Added by Stats. 1941, Ch. 79.)
CA St & Hwy Code § 8783 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8783.

8783.  All money collected on the supplemental assessment shall be paid into the redemption fund and be applied to the payment of the costs of publishing and posting the notice of hearing and of making the supplemental assessment and then to the payment of the bonds and interest thereon. After satisfaction of the bonds, repayment, if possible, of all funds collected on the supplemental assessment shall be made to those persons paying the same out of recoveries had through the collection of the delinquent installments of the assessments upon which the bonds were originally issued and of the interest and penalties thereon, and then out of any surplus remaining in the redemption fund after repayment to the city of any special taxes levied by it for the purpose of advancing funds under Part 13 (commencing with Section 8800) less its recovery on the sale or redemption of the properties assessed and any costs incurred by it under this division.(Amended by Stats. 1993, Ch. 194, Sec. 21. Effective January 1, 1994.)
CA St & Hwy Code § 8784 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 12 - REDEMPTION FUND DEFICIENCIES|Section 8784.

8784.  If there is a surplus remaining in the redemption fund after payment of all bonds and the interest thereon, that surplus shall first be applied to repayment to the city of any special taxes levied by it for the purpose of advancing funds under Part 13 (commencing with Section 8800) less its recovery on the sale or redemption of the properties assessed, and also of any costs incurred by it under this division. The remainder shall be repaid in accordance with the provisions of Section 8783 to persons paying supplemental assessments, if any, and the balance may be proportionately credited upon the final installments due upon the assessments securing the bonds and repaid to those persons whose assessments have been previously paid or may be transferred to the general fund of the city.(Amended by Stats. 1993, Ch. 194, Sec. 22. Effective January 1, 1994.)
CA St & Hwy Code § 8800 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915|PART 13 - SALE FOR DELINQUENCY|Section 8800.

8800.  Upon default in the payment of any installment of principal or interest on any assessment or reassessment, the lands securing those installments and assessments shall become tax-defaulted in the same manner in which real property in the city becomes tax-defaulted for the nonpayment of general city taxes, and shall be subject to redemption in the same manner and to the same extent that real property in the city which has become tax-defaulted for the nonpayment of general city taxes may be redeemed.(Amended by Stats. 1993, Ch. 194, Sec. 23. Effective January 1, 1994.)