Any money received from the sale or lease of property not needed for parking places shall be placed in such fund as the board directs, and may be used for any purpose for which revenues from fees, charges, and rentals for the use of parking places of the district may be used, except the proceeds from the sale or lease of property acquired with the proceeds of an assessment shall not be applied as a credit upon any assessments except those levied for the acquisition of the property.
Cal. Sts. & High. Code § 31851
Miscellaneous
Known as the Vehicle Parking District Law
The act spans §§ 31500–31933 (89 sections).
Amended by Stats. 1965, Ch. 177.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.