California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 7. THE IMPROVEMENT ACT OF 1911 |
Part 5. IMPROVEMENT BONDS |
Chapter 5. Division of Land and Bond |
Section 6487.
Latest version.
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No new bond shall be issued when the apportioned amount is less than fifty dollars ($50). If it is less, the apportioned amount shall be paid to the treasurer in cash for the benefit of the holder of the existing bond at or prior to the time of filing the application referred to in Section 6483.
(Amended by Stats. 1963, Ch. 631.)