SECTIONS 8620-8626 - California Statutes

STREETS AND HIGHWAYS CODE

SECTION 8620-8626

8620. After confirmation of the assessment by the legislative body
and after the filing of the statement of payments received upon the
assessment by the contractor if the assessment was levied under the
Improvement Act of 1911, or after 30 days from the date of recording
the assessment in the office of the superintendent of streets or
district engineer, if the assessment was levied under the Municipal
Improvement Act of 1913 or other law, the street superintendent shall
make and file with the treasurer a complete list of all unpaid
assessments, upon the assessment.

8621. The treasurer shall determine the assessments which are
unpaid and the aggregate amount thereof.

8622. The treasurer, if the assessment was levied under the
Improvement Act of 1911, or the legislative body, if the assessment
was levied under the Municipal Improvement Act of 1913 or other law,
shall prescribe the denominations of the bonds, which shall be in
convenient amounts, not necessarily equal, and shall provide for
their issuance.

8623. The bonds shall be immediately delivered to the contractor or
its assigns in satisfaction of the balance due upon the assessment
and warrant if the assessment was levied under the Improvement Act of
1911, or, if the assessment was levied under the Municipal
Improvement Act of 1913 or other law, the bonds shall be sold in the
manner determined by the legislative body.

8624. The estimated cost of incidental expenses, as defined in the
law under which the assessment was levied, shall be included in the
assessment.

8625. If bonds can not be issued upon the security of any
particular unpaid assessments because of a restraining order,
injunction or other cause not applicable to other unpaid assessments,
the issuance of bonds upon the security of the assessments not
affected by such restraining order, injunction or other cause, shall
not be delayed, and such bonds may be issued in advance of the
issuance of the bonds so affected.

8626. If the assessment was levied under the Municipal Improvement
Act of 1913 or other law, the proceeds of the sale of the bonds shall
be paid into the fund of the proceeding to represent the assessments
for which the bonds were issued. If the bonds are sold for an amount
in excess of par, the excess shall be paid into the fund specified
in Section 10424 or other special fund specified in the law pursuant
to which the assessment was levied to finance the acquisitions or
improvements.