Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 10704 — Deferral of Assessments
Cal. Sts. & High. Code § 10704
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Alternatively, the city may create a deferral fund for the assessment district, and deposit into the deferral fund an amount sufficient to pay the asessments being deferred for a specified period of time. Funds in the deferral fund may be invested as other city funds are invested, or in more…
Citator
Cal. Sts. & High. Code § 10704 — Deferral of Assessments is in force in the current edition of the Code, and nothing recorded condemns it.
Alternatively, the city may create a deferral fund for the assessment district, and deposit into the deferral fund an amount sufficient to pay the asessments being deferred for a specified period of time. Funds in the deferral fund may be invested as other city funds are invested, or in more restricted ways as determined by the legislative body. Any investment of the funds in the deferral fund shall comply with federal arbitrage rules.