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.)
Last modified: October 25, 2018