Streets and Highways Code section 11504

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.

Source: Section 11504, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=SHC§ionNum=11504.­ (updated Jan. 1, 1960; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 11504's source at ca​.gov