California § 10704 - Alternatively, the city may create a deferral fund for the assessment district, a
Full text of California Public Contract Code - PCC § 10704 — Alternatively, the city may create a deferral fund for the assessment district, a, with citation guidance and answers to common questions.
§ 10704. Alternatively, the city may create a deferral fund for the assessment district, a
Alternatively, the city may create a deferral fund for the assessment district, and deposit into the deferral fund an amount sufficient to pay the asessments being deferred for a specified period of time. Funds in the deferral fund may be invested as other city funds are invested, or in more restricted ways as determined by the legislative body. Any investment of the funds in the deferral fund shall comply with federal arbitrage rules.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10704
What does Public Contract Code - PCC § 10704 cover?
Section 10704 ("Alternatively, the city may create a deferral fund for the assessment district, a") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10704?
A common citation format is "Public Contract Code - PCC § 10704" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.