{"data":{"id":"us-ca/shc-8880","jurisdiction":"us-ca","citation":"SHC § 8880","heading":"","body":"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.\nThe amount so provided shall not exceed 10 percent of the total amount of assessments to be levied under the proceedings.","path":["Streets and Highways Code - SHC","DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915 [8500. - 8887.]","PART 16. SPECIAL SECURITY FUND [8880. - 8887.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"7d964a89e22a1e6cd13fa3f609213bc054536342effde11e6e67fa1a45dffa38","source_id":"us-ca","stale":false,"prev":"us-ca/shc-8851","next":"us-ca/shc-8881"},"notice":"GroundRules: Original legal text. Not legal advice."}