SECTIONS 10550-10555 - California Statutes

STREETS AND HIGHWAYS CODE

SECTION 10550-10555

10550. (a) If a municipality has entered into a contract with the
state that includes a loan funded by the state for the purpose of
financing the construction and installation of water or sewer system
improvements in or along its streets that are of special benefit to
land within the municipality, the municipality may conduct
proceedings under this division for the formation of an assessment
district for the purpose of levying an assessment to secure repayment
of the loan.
(b) Except as otherwise provided in this chapter, the proceeding
for the formation of the assessment district and the levy of the
assessment shall be conducted in accordance with this division, with
appropriate modifications to all resolutions and notices.

10555. The legislative body shall provide in the resolutions
required under Sections 10200 and 10312 that the assessment will be
collected in annual installments.