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Section 8880 Of Part 16. Special Security Fund From California Streets And Highways Code >> Division 10. >> Part 16.

8880
. 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.