California Government Code

§ 54719

GOV § 54719Div. 2 · Title 5 · Part 1 · Ch. 6.4 · Art. 4

Statute text

If assessments to be collected through annual installment payments have been authorized pursuant to this chapter, the legislative body may do one or more of the following:

(a)Provide for the accumulation of the money collected from the annual installments in a fund until there is sufficient money to pay all or part of the cost of the maintenance work for which the installment assessments were authorized.

(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 maintenance work for which the installment assessments were authorized and direct that the advance be repaid from the annual installments levied and collected during the fiscal years designated.

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Legislative history

Added by Stats. 1991, Ch. 966, Sec. 4.