This law allows the city government to decide, through a resolution, that it is important or necessary to replace outstanding bonds with refunding bonds. This means they can issue new bonds to pay off current ones and secure these new bonds by imposing reassessments.

This law states that if there are multiple issues of bonds that were issued under a certain act, they can all be refinanced together in a single process. Instead of individually refinancing each bond issue, you only issue one set of new refinancing bonds, which will be backed by all the assessments that replace the original ones.

This law explains that when a legislative body in California needs to refund multiple issues of bonds, they should follow the same process as for refunding a single issue of bonds, making necessary modifications. They have full authority to consolidate multiple bond issues into one refunding proceeding and issue a single set of new bonds backed by all relevant reassessments. This process must comply with the U.S. and California Constitutions.

This law section outlines that a designated person must prepare and file a detailed report as directed by a resolution from Section 9520. The report needs to include several key elements: a schedule of unpaid principal and interest for bonds needing refunding, estimated principal for reassessment and issuing new refunding bonds with a maximum interest rate, and associated costs. The auditor's records showing unpaid original assessments, along with the estimated reassessment amounts and corresponding numbers, must also be included. Additionally, a diagram showing the assessment district, along with its boundaries and the subdivisions of land, is required. Each land subdivision, including separate condominium interests, must be numbered on the diagram.

When a specific report is filed with the clerk, it is then presented to the legislative body for review. The legislative body can make changes to the report, and these changes will be used in future actions. However, the report can still be confirmed, further modified, or corrected later as allowed by the chapter.

This law means that if certain conditions are met, a legislative body can approve a reassessment report and move forward with refunding bonds, which are like replacing old bonds with new ones at potentially better terms.

First, each year’s payment on the new assessment must be less than the original assessment for it to be eligible. Second, the new bonds can't last longer than the ones they're replacing. Third, the total owed on each piece of land must be less than the original amount. Late payments on the original amount aren’t included in these comparisons.

Finally, the reassessment process doesn’t have to follow the stricter rules of Article XIII D of the California Constitution.

If officials can't meet certain requirements from another law (Section 9525), they can still move forward with processes related to refunding and reassessment. They need to first approve a report and set a date and location for a hearing about this report and their plans for refunding and reassessment.

This section outlines how the public should be notified about hearings related to reassessment and refunding in a city. The notice must be published in a local newspaper and mailed to relevant parties. If the reassessment amount is greater than the original, additional requirements apply. The notice should include details like the hearing's time, place, purpose, the total estimated cost, reassessed amounts for specific parcels, and how interested parties can protest. Also, any required consents from landowners must be collected according to specific legal requirements.

This law allows anyone with an interest in a property that is about to be reassessed to file a written protest against the proposed refunding or the reassessment amount. This protest must detail the specific reasons for the objection and must be submitted before or during the hearing. If you do not file a protest in writing, you will lose the right to contest the reassessment later on.

If someone files a protest, they must be given a fair chance to present their case and be listened to.

This law section states that during a scheduled hearing, the legislative body must listen to any complaints or objections related to the proposed refunding plan, outstanding assessments, or new assessment amounts for specific parcels of land.

This section states that during a hearing, you cannot challenge how the original proceedings for improvements were done or question the validity or amount of the original assessment. However, any other objections to a reassessment must be raised at the specific time and in the manner outlined in the chapter, or they will be waived.

The decision made by the legislative body regarding any objections or protests is final and cannot be challenged further.

If a hearing is scheduled, it can be postponed and rescheduled multiple times as needed. However, the entire hearing process must be completed within 30 days from the first scheduled date.

During a hearing, the legislative body has the authority to examine and adjust the reassessed value of any property.

If more than half of the property owners protest against a refunding or reassessment plan, the plan cannot proceed, and no similar plan can be considered for six months, unless four-fifths of the legislative body votes against the protests. The legislative body also has the power to make changes to the proposed assessment.

After a hearing, if there's no majority protest, the initially made or revised report and reassessment must be approved and documented by a resolution.

Once the legislative body approves the reassessment, whether as originally made or after it has been reviewed and corrected, it must be officially recorded in the superintendent of streets' office.

This law states that once a reassessment is officially recorded with the superintendent of streets and all related procedures starting from Section 3100 are followed, it becomes a lien on the specific pieces of land that were reassessed.

This law section explains that any previous assessments (charges) and the penalties and interest that came with them are replaced by new assessments, called reassessments, unless specified otherwise in this section or in Sections 9546, 9547, and 9548. However, if these new reassessments don't cover the remaining unpaid amounts from the original assessments, those original liens (legal claims) will still exist.

It also defines "unpaid installments" as those payments that are overdue or are scheduled to be added to the tax roll in the year the reassessment is approved.

This law states that when property assessments are reassessed, the new lien on the property will be considered as having started on the same date as the original assessment lien, giving it the same priority. Additionally, any unpaid parts of the original assessment, along with penalties and interest, hold equal priority to the reassessed lien. However, there is an exception in Section 9548.

This law states that any reassessments, including installments and related interest and penalties, will remain a claim, known as a lien, against the specific parcels of land until they are paid off. This lien, however, cannot exceed the time limit for bringing an action on the most recent series of refunding bonds backed by these unpaid reassessments.

If there's an unpaid reassessment on a property, the future payments, interest, and penalties aren't covered by a general title warranty. This means if you buy property, those costs aren't protected under the title warranty promise.

This law states that when new bonds are issued to refund old ones, the money collected from reassessments and any additional reassessments will form a trust fund. This fund is specifically used to pay off these new refunding bonds and their interest.

This law requires that when new bonds are issued to replace old ones, a copy of the decision confirming the new financial assessments must be filed with the auditor's office.

This law requires the auditor to maintain a record in their office that tracks each installment of principal and interest from reassessments to be collected every year while the bonds are active.

This section explains that reassessments and the interest on them are collected just like original assessments. They're also subject to changes, early payment, and all the same rules and penalties if not paid on time. Essentially, the rules that applied to the original assessments also apply to the reassessments.

This law allows a city that has issued bonds (loans) for public improvements to issue more bonds if they previously used an original assessment (way to gather funds) that was smaller than the original project cost. The city can decide it's necessary to refund the current bonds and secure new or additional bonds by reassessing properties as needed.

The city must formally declare their intention to refund and reassess to protect the new bonds, ensuring enough security is in place based on the unpaid part of the original assessment. They must also prepare a detailed report showing the leftover principal amounts from the original assessment to back up the new bonds. This is all carried out under specific procedures set out in related sections.

This section explains that if a legislative body chooses to follow a specific procedure, several sections will apply to the new assessments they want to impose. Once they confirm this new assessment, they must pass a resolution to continue the lien on the original assessment. This ensures the unpaid portion of the original debt is used as security for new bonds they plan to issue.

This law section explains what happens when a legislative body decides to go through with a reassessment process aimed at refinancing bonds. Once the reassessment is finalized, it replaces the original assessment lien as security for bonds being refunded. However, the lien of the original assessment stays in place to secure any new bonds until four years after the last payment of the reassessment is due.

Both the reassessment lien and the original assessment's lien have the same priority based on the date the original assessment was established. The notice filed for this reassessment must be titled "Notice of Reassessment and Continuation of Assessment" and explain how the reassessment and original assessment are related.