Cal. SHC § 10704
This is the official text of Cal. SHC § 10704, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
Alternatively, the city may create a deferral fund for the assessment district, and deposit into the deferral fund an amount sufficient to pay the asessments being deferred for a specified period of time. Funds in the deferral fund may be invested as other city funds are invested, or in more restricted ways as determined by the legislative body. Any investment of the funds in the deferral fund shall comply with federal arbitrage rules.
Status: in_force · Read it on the official government site
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