Section 50613 Of Article 3. Administrative Provisions From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 2.5. >> Article 3.
50613
. The proceeds of the annual special assessments shall be paid
to the treasurer of the local agency, who shall place the proceeds
in a special fund to the credit of the district and payment shall be
made out of the special fund only for the purposes provided for in
this chapter for the district. To expedite any maintenance work, the
legislative body may at any time transfer into the special fund, out
of any money in the general fund, such sums as it may deem necessary,
and the sums so transferred shall be deemed as a loan to the special
fund, and shall be repaid out of the proceeds of the assessments
provided for in this chapter.
If a district is organized in any year too late for the levy of a
special assessment in that year or in the next ensuing year, the
legislative body is hereby authorized to transfer funds out of the
general fund of the local agency to the special fund of the district
to be used for the payment of the expenses of the district until such
time as special assessment receipts are available therefor. The
legislative body shall include in the levy of the special assessment
for the district for the first fiscal year in which the assessment
may be levied or in ensuing years, a sum sufficient to repay the
local agency the amount so transferred to the district for the
portion or portions of the preceding fiscal year or years for which
no levy of assessment was made for that purpose. The amount so
transferred shall be repaid into the general fund of the local agency
from the district fund out of the first available receipts from the
assessment levied or as determined by the legislative body.