Section 9260 Of Article 2. The Redemption Fund From California Streets And Highways Code >> Division 11. >> Chapter 8. >> Article 2.

. The treasurer shall keep a redemption fund designated by the name of the bonds, into which he shall place all sums received by him from the collection of the reassessments made for such refunding and upon the security of which the refunding bonds are issued and all interest and penalties thereon.