California Streets and Highways Code 9271 – If an owner pays a reassessment in a lump sum and the proceeds of …
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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.
(Added by Stats. 1951, Ch. 463.)
Terms Used In California Streets and Highways Code 9271
- Person: means any person, firm, partnership, association, corporation, organization, limited liability company, or business trust. See California Streets and Highways Code 19