Section 43427 Of Article 2. Street Work Revolving Fund From California Government Code >> Division 4. >> Title 4. >> Chapter 3. >> Article 2.
43427
. The legislative body may order the revolving fund
reimbursed, in whole or in part, when the following conditions exist:
(a) It has appropriated and expended or advanced any sum out of
the fund to pay or to secure the payment of the cost of improvement
of a street or other public way pursuant to this article, or the cost
of acquiring land, rights of way, or other property necessary for
such purposes.
(b) The cost, either in whole or in part, of the improvement is a
lien assessed upon property abutting upon the improvement according
to frontage or benefits, or upon property in districts according to
benefits, and assessments are levied and collected for the cost.