Special Assessment and Bond Refunding Law ofContributions
Section § 59530
This law allows cities or counties to help a district within their area by paying off its debt. They can do this by using money from other funds or by forgiving unpaid property taxes owed to them within that district.
Section § 59531
This law states that if a government body decides to use public money to help refinance debt, they must decide that doing so is beneficial or necessary for the public.
Section § 59532
Before the assessment is finalized, the governing body can accept cash donations from any source. These donations will help cover the overall costs and lower the amount that needs to be charged to the properties in the new district.
Section § 59533
Section § 59534
If money is given specifically to cover extra costs, the legislative body can give back any leftover money proportionally to the people who contributed after those costs are paid.
Section § 59535
This law allows a legislative body to use money from any fund they control, as long as it's legally permitted, to cover all or part of the costs for any proceedings. Essentially, they can use their available resources to pay for these expenses.
Section § 59536
This law states that a legislative body can use money from either a general fund or any available funds for purposes outlined in this chapter.