California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 7. THE IMPROVEMENT ACT OF 1911 |
Part 3. PERFORMING THE WORK |
Chapter 17. Demanding Payment of the Assessment |
Section 5395.
Latest version.
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After the filing of the written statement of all payments received upon the assessment, all amounts remaining due on any assessment, except those assessments for which bonds have been issued or are to be issued, shall draw interest at the rate of 1 percent per month until paid, the interest to be computed from the 31st day after the recordation of the warrant.
(Amended by Stats. 1963, Ch. 1249.)