Streets and Highways Code section 8880

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.

Source: Section 8880, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=8880. (accessed Apr. 24, 2025).

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Last Updated

Apr. 24, 2025

§ 8880’s source at ca.gov

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Location: https://california.public.law/codes/streets_and_highways_code_section_8880

Original Source: Section 8880, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=8880. (last accessed Apr. 24, 2025).