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