SECTIONS 9285-9291 - California Statutes

STREETS AND HIGHWAYS CODE

SECTION 9285-9291

9285. Reassessments shall bear interest from the date of recording
of the reassessment at the rate or rates stated in the refunding
bonds.

9286. For each year the interest shall be computed and collected up
to the next second day of July succeeding, no deduction being made
by reason of any installment of such reassessment being due or paid
prior thereto in such year.

9287. Whenever it appears to the legislative body that according to
the dates when taxes are collected in the city there will be an
insufficient amount on hand to pay the interest then due, according
to the method of collection provided in this division, then the
legislative body may direct that such interest or some portion
thereof be collected in the year preceding that in which it would
otherwise be collected under this division. In that event the
interest or portion thereof shall be extended on the rolls for the
preceding year and be due and collected therein.

9288. If the refunding bonds are payable in annual series, unpaid
reassessments shall be payable in annual series corresponding in
number to the number or series of bonds issued, and an even annual
proportion of each reassessment shall be payable in each year
preceding the date of maturity of each of the several series of bonds
issued.

9289. If the refunding bonds all mature in one year, the unpaid
reassessments shall be payable annually and an even annual proportion
of each reassessment shall be payable each year preceding the July
interest payment.

9290. The annual proportion of each reassessment coming due in any
year, together with the annual interest on such reassessment, shall
be payable in annual or semiannual installments, whichever is the
method of collection of the general taxes of such city on real
property.

9291. Reassessment installments and the annual interest thereon
shall be payable and become delinquent at the same times and in the
same proportionate amounts and bear the same proportionate penalties
and interest after delinquency as do the general taxes on real
property of the city.