§ 9271
69 words·~1 min read·
/ca/streets-and-highways-code/9271A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.