GroundRules
SHC § 8880
Where this section sits in the code
- Streets and Highways Code - SHC
- DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915 [8500. - 8887.]
- PART 16. SPECIAL SECURITY FUND [8880. - 8887.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON