Cal. SHC § 11504
This is the official text of Cal. SHC § 11504, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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