DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915 8500-8887›PART 16. SPECIAL SECURITY FUND 8880-8887
§ 8884
California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · California
Whenever an assessment is paid off following the issuance of bonds, there shall be transferred, from the special reserve fund to the redemption fund, an amount equal to the reduction in the assessment determined pursuant to Section 8881.
(Added by Stats. 1979, Ch. 149.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code