California Streets and Highways Code

§ 11504

SHC § 11504Div. 13 · Part 1 · Ch. 6

Statute text

All collections of assessments and all proceeds of the sale of bonds issued upon unpaid assessments shall be placed in a special fund and used exclusively for the payment of the damages, if any, and expenses for which the assessments were levied. If there is a surplus in such special fund, the legislative body may expend such surplus for the improvement or operation of the pedestrian mall.

Legislative history

Added by Stats. 1960, 1st Ex. Sess., Ch. 33.