Section 11504 Of Chapter 6. Assessments And Bonds From California Streets And Highways Code >> Division 13. >> Part 1. >> Chapter 6.

. 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.