{"code":"SHC","codeName":"Streets and Highways Code","section":"8880","citation":"Sts. & Hy. Code, § 8880","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915 [8500. - 8887.]","url":"https://blackletter.si/streets-and-highways-code/division-10"},{"name":"PART 16. SPECIAL SECURITY FUND [8880. - 8887.]","url":"https://blackletter.si/streets-and-highways-code/division-10/part-16"}],"history":"Amended by Stats. 1989, Ch. 104, Sec. 25.","effective":null,"html":"<p>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, an amount to create a special reserve fund for the bonds.</p><p>The amount so provided shall not exceed 10 percent of the total amount of assessments to be levied under the proceedings.</p>","text":"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, an amount to create a special reserve fund for the bonds. The amount so provided shall not exceed 10 percent of the total amount of assessments to be levied under the proceedings.","otherVersions":[],"url":"https://blackletter.si/streets-and-highways-code/special-security-fund-8880","source":"California Legislative Information bulk export (pubinfo)"}