California Streets and Highways Code PART 16 - SPECIAL SECURITY FUND

  • 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,...
  • Section 8881.
    Where a special reserve fund is created for a bond issue, the assessment levied on any parcel for the payment of the bond issue shall...
  • Section 8882.
    Upon receipt of the bond sale proceeds, the amount so provided for the special reserve fund pursuant to Section 8880 shall be transferred to the...
  • Section 8883.
    The money in the special reserve fund shall be available for transfer into the redemption fund for the bonds pursuant to Part 13 (commencing with...
  • Section 8884.
    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...
  • Section 8885.
    Whenever the balance in the special reserve fund is sufficient to retire all remaining outstanding bonds in the issue, whether by advance retirement or otherwise,...
  • Section 8886.
    Money in the special reserve fund may be temporarily invested in any authorized investments pursuant to Article 1 (commencing with Section 53600) of Chapter 4...
  • Section 8887.
    Notwithstanding any other provision in this part, for the purposes of (1) assuring that the bonds to be issued will not become arbitrage bonds as defined...

Last modified: October 22, 2018