reglab/housing_qa huggingface dataset:
CA St & Hwy Code § 9540 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9540.

9540.  Reassessments and each installment thereof and the interest and penalties thereon shall be a lien against the parcels of land on which made until the same are paid, but for a period not exceeding the time within which an action might be brought on the last series of refunding bonds issued upon the security of the unpaid reassessments.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9541 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9541.

9541.  Unmatured installments, interest, and penalties on unpaid reassessments shall not be deemed to be within the terms of any general warranty of title as to any parcel against which a reassessment is made.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9542 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9542.

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.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9543 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9543.

9543.  A copy of the resolution of the legislative body confirming the reassessments upon the security of which the refunding bonds are issued shall be filed in the office of the auditor.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9544 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9544.

9544.  The auditor shall keep a record in his office showing the several installments of principal and interest on the reassessments which are to be collected in each year during the term of the bonds.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9545 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9545.

9545.  The reassessments and interest thereon shall be collected on the assessment roll and are subject to reassessment, amendment, and prepayment, and are otherwise subject to all of the provisions of the act in the same manner and subject to the same remedies on default and to the payment of interest and penalties on the enforcement thereof as were the original assessments which were superseded and replaced by the reassessments. For these purposes, the applicable provisions of Parts 8, 9, 10, 10.5, 11, 11.1, 13, 14, and 15 of Division 10 are hereby referred to and incorporated herein by reference.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9546 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9546.

9546.  The legislative body of any city which has issued bonds which are outstanding under this division, the original authorized aggregate principal amount of which was less than the aggregate principal amount of the original assessment which was levied as security therefor, and which intends to issue additional bonds to be secured by that original assessment to provide for and finance the construction and installation of further improvements, may, at any time, determine by resolution that the public interest or necessity requires the refunding of the bonds which are outstanding, the levy of a reassessment as security for the refunding bonds, and the continuation of the original assessment as to the unpaid principal amount thereof which shall be security for the additional bonds to be issued, and may declare its intention to so proceed by a resolution adopted pursuant to Section 9520.The resolution shall, in addition to declaring the intention of the legislative body to refund the bonds which are outstanding and to levy reassessments as security for the refunding bonds, also declare the intention of the legislative body to issue additional bonds on the basis of the original assessment and to continue the original assessment in an amount sufficient to provide security for the additional bonds to be issued. The resolution shall require that the report prepared pursuant to Section 9523 contain the unpaid principal amount of each original assessment in excess of the amount thereof which will be superseded and supplanted by the principal amount of the corresponding reassessment, which shall be security for the additional bonds to be issued.(Added by Stats. 1986, Ch. 874, Sec. 18. Effective September 17, 1986.)
CA St & Hwy Code § 9547 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9547.

9547.  If the legislative body elects to proceed pursuant to Section 9546, Sections 9523 to 9545, inclusive, shall apply to the reassessments to be levied. Upon confirming the reassessment, the legislative body shall, in the resolution adopted pursuant to Section 9535, order that the lien of the original assessment continue as to the portion of the unpaid principal amount thereof which will be security for the additional bonds which are to be issued on the basis thereof.(Added by Stats. 1986, Ch. 874, Sec. 19. Effective September 17, 1986.)
CA St & Hwy Code § 9548 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 2 - Reassessment Proceedings|Section 9548.

9548.  If the legislative body elects to proceed pursuant to Section 9546, upon confirmation of the reassessment as provided in Section 9535 and in compliance with Sections 9536 and 9537, the lien of the reassessment supersedes and supplants the lien of the original assessment as to the portion of the unpaid principal amount thereof which was security for the bonds which are to be refunded, but the lien of the original assessment continues as to the portion of the unpaid principal amount thereof which is security for the additional bonds which are to be issued on the basis thereof until the expiration of four years after the due date of the last installment on the reassessment.The lien of the reassessment and the lien of the continued portion of the original assessment have equal priority as to the date the original assessment became a lien upon the property assessed.The notice of reassessment filed pursuant to Section 3114 shall be entitled “Notice of Reassessment and Continuation of Assessment” and shall specify the relationship between the reassessment and the continuing amount of the original assessment.(Added by Stats. 1986, Ch. 874, Sec. 20. Effective September 17, 1986.)
CA St & Hwy Code § 9600 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9600.

9600.  In this chapter, the following terms are used with the following meanings:(a) “Costs of issuing refunding bonds” means those of the following costs and expenses which are designated by the legislative body in the resolution providing for the issuance of the bonds.(1) All expenses incident to the calling, retiring, or paying of the bonds to be refunded and to the issuance of refunding bonds, including, but not limited to, any bond counsel, financial consultants, underwriters, certified public accountants, and rating agency fees, printing and advertising costs, city administrative expenses, and the charges of any escrow agent or trustee in connection with the issuance of the refunding bonds or in connection with the redemption or retirement of the bonds to be refunded.(2) Interest upon the refunding bonds from the September 2 next preceding the date of sale thereof to not later than the September 2 next succeeding two years from the date.(3) Any accrued and unpaid interest on the bonds to be refunded.(4) Any premium necessary in the calling or retiring of the bonds to be refunded.(5) Any amount that the city pays or transfers, or has previously paid or transferred, either from a special reserve fund or from surplus funds, into the redemption fund securing the bonds to be refunded and the penalties and interest thereon, if the amounts and the penalties and interest thereon are included in and limited to the particular reassessments levied upon those subdivisions of land securing the original assessment installments which are delinquent and for which the payments or transfers are made.(b) “Designated costs of issuing the refunding bonds” means whichever of the items specified in paragraphs (1), (2), (3), (4), and (5) of subdivision (a) which are designated by the legislative body in the resolution providing for the issuance of refunding bonds.(c) “Federal securities” means those securities described in Sections 1360 and 1360.1 of the Financial Code and includes United States Treasury notes, bonds, bills, or certificates of indebtedness, or obligations for which the faith and credit of the United States are pledged for the payment of principal and interest, including the guaranteed portions of small business administration loans, so long as the loans are obligations for which the faith and credit of the United States are pledged for the payment of principal and interest.(Amended by Stats. 1986, Ch. 874, Sec. 21. Effective September 17, 1986.)
CA St & Hwy Code § 9601 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9601.

9601.  The legislative body shall provide for the issuance of the refunding bonds by resolution.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9601.5 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9601.5.

9601.5.  Section 8769 shall apply to bonds issued pursuant to this division in the County of San Bernardino.(Added by Stats. 1987, Ch. 10, Sec. 1. Effective April 28, 1987.)
CA St & Hwy Code § 9602 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9602.

9602.  The refunding bonds shall be issued in a principal amount equal to the total principal amount of the reassessment as approved and confirmed by the legislative body pursuant to either Section 9525 or Section 9535.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9603 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9603.

9603.  The refunding bonds shall represent and be secured by the reassessments and any later reassessments which may be levied or issued upon the same property in lieu of the reassessments.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9604 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9604.

9604.  Refunding bonds issued pursuant to this division shall comply with the following requirements which shall be set forth in the resolution adopted pursuant to Section 9601:(a) Bonds shall be in the fully registered form and of the denominations as the legislative body may determine.(b) The bonds shall be dated on or after the date of the recording of the reassessment.(c) Bonds shall be signed by the treasurer and the clerk, except that the legislative body may, by order, authorize the use of bonds with an engraved, printed, or lithographed signature of the treasurer and the clerk in lieu of a signature by hand. The legislative body may also authorize its seal to be placed on the bonds in a similar manner.(d) Bonds shall be numbered appropriately and shall bear interest and mature as provided in the contract with the bond purchasers.(Amended by Stats. 1986, Ch. 874, Sec. 22. Effective September 17, 1986.)
CA St & Hwy Code § 9605 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9605.

9605.  All of the refunding bonds shall mature on September 2.(Amended by Stats. 1985, Ch. 65, Sec. 31. Effective June 6, 1985.)
CA St & Hwy Code § 9606 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9606.

9606.  In no event shall the first maturity of any refunding bonds be earlier than the second day of September next succeeding 12 months after the date of the bonds.(Amended by Stats. 1985, Ch. 65, Sec. 32. Effective June 6, 1985.)
CA St & Hwy Code § 9607 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9607.

9607.  The last maturity of any refunding bonds shall not exceed 39 years from the second day of September next succeeding 12 months after the date of the bonds.(Amended by Stats. 1987, Ch. 1388, Sec. 25.)
CA St & Hwy Code § 9607.5 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9607.5.

9607.5.  For refunding bonds issued in the County of San Bernardino, the last maturity of any of these bonds shall not exceed the longest maturity currently authorized for bonds by the law pursuant to which the bonds to be refunded were issued.(Added by Stats. 1987, Ch. 10, Sec. 2. Effective April 28, 1987.)
CA St & Hwy Code § 9608 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9608.

9608.  The rate of interest on refunding bonds shall not exceed the rate set forth in the resolution of intention adopted pursuant to Section 9520.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9609 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9609.

9609.  The interest on refunding bonds shall be payable on March 2, and September 2, respectively, of each year.(Amended by Stats. 1985, Ch. 65, Sec. 34. Effective June 6, 1985.)
CA St & Hwy Code § 9610 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9610.

9610.  The first interest payment on the bonds shall be March 2 next preceding the second day of September next succeeding 12 months after the date of the bonds, except that, if any portion of the interest is funded, the legislative body may specify that the first payment of interest shall become due on any earlier interest payment date following the date of the bonds.(Amended by Stats. 1986, Ch. 874, Sec. 23. Effective September 17, 1986.)
CA St & Hwy Code § 9611 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9611.

9611.  Refunding bonds and the interest thereon shall be paid at the office of the treasurer or at any other place as is set forth in the bonds.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9612 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9612.

9612.  Each bond shall be conclusive evidence of the regularity of all proceedings for the levy of reassessments and the issuance of the refunding bonds and of the validity of said bonds and of all proceedings of which the bonds refunded were conclusive evidence.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9613 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9613.

9613.  Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to be refunded on any basis the legislative body determines is for the benefit of the city if the bondholders consent to the exchange. As an alternative to exchanging the refunding bonds for the bonds to be refunded, the legislative body may sell the refunding bonds at public or private sale and at a price at or below par or with a premium. The proceeds of any sale of refunding bonds for cash shall be placed in the treasury of the local agency to the credit of a fund to be established for the purpose of refunding the bonds to be refunded, and the proceeds shall be applied only as permitted by this division.(Amended by Stats. 1987, Ch. 1388, Sec. 26.)
CA St & Hwy Code § 9614 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9614.

9614.  The designated costs of issuing the refunding bonds may be paid by the purchaser of the refunding bonds or may be paid from any other legally available source, including the general fund of the city, other available revenues of the city under the control of the legislative body, the proceeds of sale of the refunding bonds, the interest or other gain derived from the investment of any of the proceeds of sale of the refunding bonds, any other moneys in escrow or in trust or any combination thereof as the legislative body may determine.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9615 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9615.

9615.  Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and without the state, shall be secured in accordance with the laws applicable to funds of the city and shall be invested in federal securities.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9616 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9616.

9616.  The proceeds and investments in escrow or trust shall be in an amount at the time of issuance of such refunding bonds which is certified by a certified public accountant licensed to practice in this state to be sufficient, together with any interest or other gain to be derived from any such investment, to pay the principal of and interest and redemption premiums, if any, on the refunded bonds as they become due or at designated dates prior to maturity (in connection with which the legislative body has exercised or has obligated itself to exercise a redemption privilege on behalf of the city), and the designated costs of issuance of the refunding bonds.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9617 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9617.

9617.  Following the issuance of any refunding bonds pursuant to this article, the legislative body of the city shall provide for the payment of principal and interest thereon in the same manner and at the same times as it provides for payment of principal and interest on bonds issued pursuant to the act. The reassessments levied pursuant to this division shall be and constitute security for the payment of the refunding bonds in the same manner as the original unpaid assessments constituted security for the refunded bonds.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9618 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9618.

9618.  Any outstanding refunded bonds which have been exchanged for refunding bonds shall be canceled by the city treasurer.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9619 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9619.

9619.  The treasurer shall keep a register in his or her office which shall show the series, number, date, amount, rate of interest, and registered owner of each bond. The treasurer shall cancel and file each bond paid.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
CA St & Hwy Code § 9620 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9620.

9620.  The legislative body may provide, in the resolution authorizing the issuance of the refunding bonds, for the establishment from the proceeds of the sale of the refunding bonds of a special reserve fund for the refunding bonds pursuant to Part 16 (commencing with Section 8880) of Division 10.If the legislative body elects to establish the reserve fund, it shall provide, in the resolution adopted pursuant to Section 9520, for the inclusion of the amount of the special reserve fund in the reassessment.(Added by Stats. 1986, Ch. 874, Sec. 24. Effective September 17, 1986.)
CA St & Hwy Code § 9622 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 3 - Issuance of Refunding Bonds|Section 9622.

9622.  Notwithstanding any other provision of this part, bonds originally issued as variable rate bonds pursuant to Part 6.5 (commencing with Section 8660) may be refunded by the issuance of variable rate bonds issued pursuant to that Part 6.5. For purposes of this section and that Part 6.5 “bonds” includes “refunding bonds.”(Added by Stats. 1990, Ch. 446, Sec. 20.)
CA St & Hwy Code § 9700 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 11.5 - REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS|CHAPTER 4 - Curation and Validation|Section 9700.

9700.  The validity of any refunding bonds issued under this division shall not be contested in any action, suit, or proceeding unless the action or proceeding is brought within 30 days after the adoption of the resolution providing for their issuance.(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)