Sts. & Hy. Code, § 8880 · Part 16. SPECIAL SECURITY FUND

Sts. & Hy. Code, § 8880

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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.

Notes and commentary — not statutory text

History

Amended by Stats. 1989, Ch. 104, Sec. 25.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC&sectionNum=8880.
Text hash: sha256 7d964a89e22a1e6cd13fa3f609213bc054536342effde11e6e67fa1a45dffa38
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Sts. & Hy. Code, § 8880. Each shows the citation as that text prints it.

Streets and Highways Code

Sts. & Hy. Code, § 8882Printed as Section 8880

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.