TITLE 5. LOCAL AGENCIES [50001 - 57607]›DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000 - 55821]›PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000 - 54999.7]›CHAPTER 2.5. The Mello-Roos Community Facilities Act of 1982 [53311 - 53368.3]›ARTICLE 5. Bonds [53345 - 53365.7]
§ 53364
Government Code §§ 53311–53368.3 — Mello-Roos Community Facilities Act of 1982 · 2026 edition · updated 2026-09-22 · California
- Following the issuance of any refunding bonds pursuant to this article, the treasurer of the local agency shall provide for the payment of principal and interest on the refunding bonds in the same manner as for the bonds being refunded. Payments on the refunding bonds may be made from the “refunding fund” or from the redemption fund established for the bonds being refunded. However, the bonds being refunded shall have a priority claim on funds in the redemption fund.
(Repealed and added by Stats. 1984, Ch. 269, Sec. 40. Effective July 3, 1984.)
Continue researching
Related topics
State and federal sources. Edit the document title or filters, then run your search.
Get a plain-English answer with a citation back to this text.
Ask AI about this code