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DIVISION 15. TREE PLANTING, LANDSCAPING, AND LIGHTING 22000-22679›PART 2. LANDSCAPING AND LIGHTING ACT OF 1972 22500-22679›CHAPTER 5. Financial Provisions 22655-22663

§ 22662

California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California

If a resolution providing for annual installment payments has been adopted, in the resolution or subsequent thereto, the legislative body may do any or a combination of the following:

(a) Provide for the accumulation of the moneys collected from the annual installments in the improvement fund until there is sufficient moneys to pay all or part of the cost of the improvements described in the resolution.

(b) Provide for a temporary advance to the improvement fund from any available and unencumbered funds of the local agency to pay all or part of the cost of the improvements described in the resolution and direct that the advance be repaid from the annual installments levied and collected during the fiscal years designated in the resolution.

(c) Borrow an amount necessary to finance the estimated cost of the proposed improvements. The amount borrowed, except for the amount borrowed pursuant to Section 22662.5, shall not exceed the amount of revenue estimated to be raised from the annual assessments levied over five fiscal years.

(Amended by Stats. 1984, Ch. 1080, Sec. 4.)

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California Streets and Highways Code

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