Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 11504 — Assessments and Bonds
Cal. Sts. & High. Code § 11504
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Sts. & High. Code § 11504 — Assessments and Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.