§ 11504
67 words·~1 min read·
/ca/streets-and-highways-code/11504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.