Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 8880 — SPECIAL SECURITY FUND
Cal. Sts. & High. Code § 8880
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In any proceedings leading to the issuance of bonds pursuant to this division, the legislative body may include, as an incidental expense of the proceedings, an amount to create a special reserve fund for the bonds.
Citator
Cal. Sts. & High. Code § 8880 — SPECIAL SECURITY FUND is in force in the current edition of the Code, and nothing recorded condemns it.
In any proceedings leading to the issuance of bonds pursuant to this division, the legislative body may include, as an incidental expense of the proceedings, an amount to create a special reserve fund for the bonds.
The amount so provided shall not exceed 10 percent of the total amount of assessments to be levied under the proceedings.