Section 10424 Of Chapter 5. Levying And Collecting The Assessment From California Streets And Highways Code >> Division 12. >> Chapter 5.

. As fast as collected the tax collector shall pay the funds collected by him pursuant to this division, either upon voluntary payment or as the result of sales, to the treasurer of the city. The city treasurer shall place the funds so received in a special fund designated by the name of the improvement proceeding. Payment shall be made out of the special fund so established only for the purposes provided for in this division.