This law states that when a district is refinancing its debts, the total amount of new assessments and any additional contributions can't exceed the original bond amounts, the interest owed after these bonds' maturity, and the costs associated with this refinancing process.

After creating a diagram of a new district, an engineer or a designated person will estimate how much each piece of land in that district will benefit. These benefits come from canceling original bonds and from any improvements made that those bonds were meant to finance. The total benefit for all the land lots must also be calculated.

This law section requires an engineer or designated person to calculate how much the landowners in a new district must pay for the cost of specific proceedings related to that district. The total costs are divided among the land lots based on how much benefit each lot is expected to receive from the project.

If a piece of land was taken by the government because of unpaid taxes, its property value can be reassessed during the process of refunding money related to it.

This section details what must be considered when assessing and estimating how much each property benefits from a public improvement project. The assessor must look at items like the original bond amounts, previous special assessment levies, bonds to be acquired and canceled, and the number of bond issues. Also considered are funds collected for bond payments, payment delinquencies, and any applicable allocations. Additional considerations include incidental costs and any discounts or concessions from bondholders.