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.