California Code
Streets and Highways Code - SHC
DIVISION 10 - THE IMPROVEMENT BOND ACT OF 1915

PART 1 - GENERAL PROVISIONS

Section 8500. - 8500. This division may be cited as the Improvement Bond...

Section 8501. - 8501. Unless the particular provision or the context otherwise requires,...

Section 8502. - 8502. This division provides an alternative system for the issuance...

Section 8502.5. - 8502.5. “Assessed” and “assessment” mean assessments made pursuant to subdivisions...

Section 8503. - 8503. “City” includes counties, cities and counties and public corporations,...

Section 8504. - 8504. “Legislative body” means: (a) When used with reference to...

Section 8505. - 8505. “Clerk” means: (a) When used with reference to a...

Section 8506. - 8506. “Treasurer” means: (a) When used with reference to a...

Section 8507. - 8507. As used with reference to a county, “street superintendent”...

Section 8508. - 8508. As used with reference to a county, “engineer” means...

Section 8509. - 8509. “Auditor” means: (a) When used with reference to a...

Section 8510. - 8510. “Tax collector” means: (a) When used with reference to...

Section 8511. - 8511. The provisions of this division relative to the time...

Section 8514. - 8514. Notwithstanding any other provision of this division, income realized...

PART 2 - NOTICE

CHAPTER 1 - Notice by Publication

Section 8530. - 8530. Whenever in this division a notice, resolution, order or...

Section 8531. - 8531. Whenever in this division, a notice, resolution, order or...

Section 8532. - 8532. If there is no newspaper published in the city...

CHAPTER 2 - Notice by Posting

Section 8550. - 8550. Whenever in this division a notice, resolution, order or...

PART 3 - DETERMINATION TO ISSUE BONDS

Section 8570. - 8570. The legislative body of any city may determine that...

Section 8571. - 8571. If the legislative body determines that bonds shall be...

Section 8571.3. - 8571.3. (a) The legislative body may determine that bonds issued...

Section 8571.5. - 8571.5. The legislative body may determine that bonds issued pursuant...

Section 8572. - 8572. A similar description of the bonds shall be inserted...

Section 8573. - 8573. The bond declaration in the resolution of intention, assessment,...

PART 5 - ISSUANCE OF BONDS

Section 8620. - 8620. After confirmation of the assessment by the legislative body...

Section 8621. - 8621. The treasurer shall determine the assessments which are unpaid...

Section 8622. - 8622. The treasurer, if the assessment was levied under the...

Section 8623. - 8623. The bonds shall be immediately delivered to the contractor...

Section 8624. - 8624. The estimated cost of incidental expenses, as defined in...

Section 8625. - 8625. If bonds can not be issued upon the security...

Section 8626. - 8626. If the assessment was levied under the Municipal Improvement...

PART 6 - FORM AND CONTENT OF BONDS

Section 8650. - 8650. (a) Except as provided otherwise by the legislative body...

Section 8650.1. - 8650.1. The legislative body, in its discretion, may determine, either...

Section 8651. - 8651. The final series of installment of the bonds shall...

Section 8651.5. - 8651.5. Each bond, or any portion of the bond in...

Section 8652. - 8652. The bonds shall be substantially in the following form:...

Section 8653. - 8653. The bonds shall be signed by the treasurer and...

Section 8654. - 8654. The bonds shall bear interest at the rate specified...

Section 8655. - 8655. The bonds, by their issuance, shall be conclusive evidence...

PART 6.5 - VARIABLE INTEREST RATE BONDS

Section 8660. - 8660. As an alternative to any other authority, a legislative...

Section 8660.5. - 8660.5. The legislative body may determine to issue serial or...

Section 8661. - 8661. If the legislative body determines to issue bonds as...

Section 8662. - 8662. The bonds shall be substantially in the form set...

Section 8663. - 8663. The unpaid assessments shall be payable in substantially the...

Section 8663.5. - 8663.5. Interest on all unpaid assessments shall run from the...

Section 8664. - 8664. Each bond, or any portion of the bond in...

Section 8664.3. - 8664.3. The legislative body may, by resolution, specify that the...

Section 8664.5. - 8664.5. The legislative body may, by resolution, specify terms and...

Section 8665. - 8665. The legislative body may, by resolution, specify terms and...

Section 8665.5. - 8665.5. The notice of assessment recorded with the county recorder...

PART 7 - BOND RECORDS AND PAYMENTS

Section 8670. - 8670. The bonds and interest shall be paid at the...

Section 8671. - 8671. The treasurer or designated paying agent shall keep a...

Section 8672. - 8672. The treasurer or the designated paying agent shall keep...

PART 8 - COLLECTION OF ASSESSMENTS

Section 8680. - 8680. (a) The unpaid assessments shall be payable in annual...

Section 8681. - 8681. Interest on all unpaid assessments shall begin to run...

Section 8682. - 8682. (a) A copy of the order of the legislative...

Section 8682.1. - 8682.1. (a) In addition to the amounts set forth in...

Section 8683. - 8683. If the legislative body conducting the proceedings is not...

Section 8684. - 8684. Taxpayers shall have the same right to pay assessments...

Section 8685. - 8685. If any lot or parcel of land affected by...

Section 8686. - 8686. If it appears to the legislative body that, according...

Section 8688. - 8688. Any interested owner shall have the right to tender...

Section 8689. - 8689. Within the Bass Lake Improvement District in Madera County,...

PART 9 - ASSESSMENT LIENS AND REASSESSMENTS

Section 8700. - 8700. In the event bonds are ordered to be issued,...

Section 8701. - 8701. Such assessments and reassessments and each installment thereof and...

Section 8702. - 8702. The lien, whether bonds issued to represent the assessment...

Section 8703. - 8703. The lien of a reassessment and a refunding assessment...

Section 8704. - 8704. Unmatured installments, interest and penalties secured by any such...

Section 8705. - 8705. If any assessment heretofore or hereafter issued is void...

Section 8706. - 8706. When made, the reassessment shall constitute a trust fund...

Section 8707. - 8707. If the legislative body calls in the original issue...

Section 8708. - 8708. Upon the surrender of the outstanding bonds, the new...

PART 10 - DIVISION OF LAND AND BOND

Section 8730. - 8730. If any lot or parcel of land upon which...

Section 8731. - 8731. The street superintendent shall file with the clerk a...

Section 8732. - 8732. Upon the filing of the street superintendent’s report and...

Section 8733. - 8733. All persons interested in the original assessment, or in...

Section 8734. - 8734. The clerk shall file the amended assessment as confirmed...

PART 10.5 - ALTERNATIVE PROCEDURE FOR DIVISION OF LAND AND BOND

Section 8740. - 8740. The procedures of this part are alternative to Part...

Section 8740.1. - 8740.1. If any lot or parcel of land upon which...

Section 8740.2. - 8740.2. Upon receipt of the application and fee the street...

Section 8740.3. - 8740.3. (a) When the apportionment has been made, an application...

Section 8740.4. - 8740.4. When the street superintendent has ascertained that the application...

Section 8740.5. - 8740.5. The street superintendent shall file the amended assessment with...

PART 10.7 - BOND ANTICIPATION NOTES

Section 8745. - 8745. The legislative body may, by resolution, borrow money in...

Section 8745.2. - 8745.2. The principal and interest on the bond anticipation notes...

Section 8745.4. - 8745.4. The proceeds of bond anticipation notes issued pursuant to...

Section 8745.6. - 8745.6. The bond anticipation notes shall not be issued in...

Section 8745.8. - 8745.8. The legislative body may provide, in its resolution authorizing...

Section 8746. - 8746. The bond anticipation notes may be issued and sold...

Section 8746.2. - 8746.2. The bond anticipation notes and the resolution authorizing them...

Section 8746.4. - 8746.4. The legislative body shall provide a remedy in its...

PART 11 - ADVANCE RETIREMENT OF BONDS

Section 8750. - 8750. By proceeding in accordance with the provisions of this...

Section 8751. - 8751. Notice of advanced maturity shall be given in writing...

Section 8751.5. - 8751.5. In the event the treasurer receives for payment any...

Section 8752. - 8752. If notice of advanced maturity is given, the bond...

Section 8753. - 8753. The cost of serving or publishing the notice of...

Section 8754. - 8754. More than one bond may be covered in a...

Section 8755. - 8755. Prior to the surrender of any bond or the...

Section 8756. - 8756. In selecting bonds for retirement, the treasurer shall follow...

PART 11.1 - ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS

Section 8760. - 8760. The procedures of this part are alternative to Part...

Section 8766. - 8766. The owner of assessed land, except land which has...

Section 8766.5. - 8766.5. The owner of assessed land, except land which has...

Section 8767. - 8767. Upon receiving a partial or full prepayment of an...

Section 8768. - 8768. The treasurer shall select bonds for retirement in such...

Section 8769. - 8769. Before issuing bonds pursuant to this division, the legislative...

PART 12 - REDEMPTION FUND DEFICIENCIES

Section 8770. - 8770. If it appears to the treasurer that there is...

Section 8771. - 8771. On receipt of the report, the legislative body shall...

Section 8772. - 8772. If the legislative body determines that in its judgment...

Section 8773. - 8773. In order to facilitate the making of proportionate payments,...

Section 8774. - 8774. The legislative body may hold supplemental hearings on like...

Section 8775. - 8775. If a deficiency occurs in the redemption fund with...

Section 8776. - 8776. When funds become available for the payment of any...

Section 8778. - 8778. If a deficiency remains in the redemption fund after...

Section 8779. - 8779. Notice of the hearing shall be given by publication,...

Section 8780. - 8780. At the time set for the hearing the legislative...

Section 8781. - 8781. The cost of the publication and posting of the...

Section 8782. - 8782. The legislative body may provide in its order levying...

Section 8783. - 8783. All money collected on the supplemental assessment shall be...

Section 8784. - 8784. If there is a surplus remaining in the redemption...

PART 13 - SALE FOR DELINQUENCY

Section 8800. - 8800. Upon default in the payment of any installment of...

Section 8801. - 8801. If any lot or parcel of land becomes tax-defaulted...

Section 8802. - 8802. The city may pay and transfer into the redemption...

Section 8803. - 8803. If a county or a city whose taxes are...

Section 8804. - 8804. If there are no available funds in the treasury...

Section 8805. - 8805. If the city has made advances as provided in...

Section 8806. - 8806. Notwithstanding Section 8805, if a city has advanced available...

Section 8808. - 8808. The city shall have the right to advance and...

Section 8809. - 8809. The legislative body, shall, at the time of fixing...

PART 14 - FORECLOSURE BY ACTION

Section 8830. - 8830. (a) As a cumulative remedy, if any assessment or...

Section 8831. - 8831. Costs in the action shall be fixed and allowed...

Section 8832. - 8832. (a) The court shall have the power to adjudge...

Section 8833. - 8833. (a) When any foreclosure actions are ordered by the...

Section 8833.5. - 8833.5. At any time after the tax collector has been...

Section 8834. - 8834. The foreclosure action shall be brought in the name...

Section 8835. - 8835. The amount of penalties, costs and interest due shall...

Section 8836. - 8836. (a) In the event a lot or parcel of...

Section 8837. - 8837. This section applies if delinquent assessment installments, together with...

PART 14.5 - TITLE TAKEN BY PURCHASER

Section 8840. - 8840. Except as otherwise provided in Section 8836 and notwithstanding...

PART 15 - MISCELLANEOUS PROVISIONS

Section 8850. - 8850. No bond, assessment, or installment thereof or of the...

Section 8851. - 8851. Upon the application of the legislative body or of...

PART 16 - SPECIAL SECURITY FUND

Section 8880. - 8880. In any proceedings leading to the issuance of bonds...

Section 8881. - 8881. Where a special reserve fund is created for a...

Section 8882. - 8882. Upon receipt of the bond sale proceeds, the amount...

Section 8883. - 8883. The money in the special reserve fund shall be...

Section 8884. - 8884. Whenever an assessment is paid off following the issuance...

Section 8885. - 8885. Whenever the balance in the special reserve fund is...

Section 8886. - 8886. Money in the special reserve fund may be temporarily...

Section 8887. - 8887. Notwithstanding any other provision in this part, for the...