§ 59594 Reimbursement For Bond Advances

Government Code·California

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Key Takeaways

•If extra money is collected from reassessments, it can be used to pay back people or groups who lent money upfront.
•The government can make deals to use this extra money to pay back those who helped with advances.
•This rule was added a long time ago, in 1951.

Example

Imagine your town fixes a big road, and a company pays for some of the work upfront.

If the town later gets extra money from taxes, it can use that money to pay back the company that helped with the road.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 59594 Reimbursement For Bond Advances

Any cash collected on reassessments and not required to pay consenting bondholders may also be used to reimburse in whole or in part any local agency, person, or corporation making the advance, and the legislative body may contract to so apply such cash. (Added by Stats. 1951, Ch. 331.)

Last verified: January 22, 2026

Key Terms

corporation agreement property contract reassessment

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 59594.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References