California § 8706 - When made, the reassessment shall constitute a trust fund for the redemption and
Full text of California Public Contract Code - PCC § 8706 — When made, the reassessment shall constitute a trust fund for the redemption and, with citation guidance and answers to common questions.
§ 8706. When made, the reassessment shall constitute a trust fund for the redemption and
When made, the reassessment shall constitute a trust fund for the redemption and payment of the original bonds issued against the original assessment; or the legislative body may call in the original issue of bonds outstanding and issue new bonds upon the security of the reassessment in lieu thereof. If the legislative body determines that new bonds shall be issued upon the security of the reassessment, the notice of hearing upon the reassessment shall contain a declaration of intention to issue bonds substantially in the form provided for in Section 8573. Upon confirmation of the reassessment the legislative body may issue the new bonds in the manner that it determines.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8706
What does Public Contract Code - PCC § 8706 cover?
Section 8706 ("When made, the reassessment shall constitute a trust fund for the redemption and") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 8706?
A common citation format is "Public Contract Code - PCC § 8706" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 8706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.