Statute · California Government Code

Cal. Gov't Code § 54719 — Procedure for Imposition of Benefit Assessment

Cal. Gov't Code § 54719

Type: Statute
Source: California Government Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

If assessments to be collected through annual installment payments have been authorized pursuant to this chapter, the legislative body may do one or more of the following:

Citator

Cal. Gov't Code § 54719 — Procedure for Imposition of Benefit Assessment is in force in the current edition of the Code, and nothing recorded condemns it.

If assessments to be collected through annual installment payments have been authorized pursuant to this chapter, the legislative body may do one or more of the following:

(a) Provide for the accumulation of the money collected from the annual installments in a fund until there is sufficient money to pay all or part of the cost of the maintenance work for which the installment assessments were authorized.

(b) Provide for a temporary advance to the improvement fund from any available and unencumbered funds of the local agency to pay all or part of the cost of the maintenance work for which the installment assessments were authorized and direct that the advance be repaid from the annual installments levied and collected during the fiscal years designated.

(c) Borrow an amount necessary to finance the estimated cost of the maintenance work for which the installment assessments were authorized. The amount borrowed and associated financing costs shall not exceed the amount of revenue estimated to be raised from the annual assessments levied over the designated five fiscal years.