{"code":"SHC","codeName":"Streets and Highways Code","section":"11504","citation":"Sts. & Hy. Code, § 11504","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 13. PEDESTRIAN MALLS [11000. - 11806.]","url":"https://blackletter.si/streets-and-highways-code/division-13"},{"name":"PART 1. PEDESTRIAN MALL LAW OF 1960 [11000. - 11806.]","url":"https://blackletter.si/streets-and-highways-code/division-13/part-1"},{"name":"CHAPTER 6. Assessments and Bonds [11500. - 11505.]","url":"https://blackletter.si/streets-and-highways-code/division-13/part-1/chapter-6"}],"history":"Added by Stats. 1960, 1st Ex. Sess., Ch. 33.","effective":null,"html":"<p>All collections of assessments and all proceeds of the sale of bonds issued upon unpaid assessments shall be placed in a special fund and used exclusively for the payment of the damages, if any, and expenses for which the assessments were levied. If there is a surplus in such special fund, the legislative body may expend such surplus for the improvement or operation of the pedestrian mall.</p>","text":"All collections of assessments and all proceeds of the sale of bonds issued upon unpaid assessments shall be placed in a special fund and used exclusively for the payment of the damages, if any, and expenses for which the assessments were levied. If there is a surplus in such special fund, the legislative body may expend such surplus for the improvement or operation of the pedestrian mall.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/assessments-and-bonds-11504","source":"California Legislative Information bulk export (pubinfo)"}