Cal. Sts. & Hy. Code § 11504
Current through the 2023 Legislative Session.
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.
Ca. Sts. and High. Code § 11504