The treasurer shall add to each apportioned amount a sum equal to 5 percent thereof but in no event more than ten dollars ($10) and shall make and sign a new bond in the same form as the existing bond, to represent each such apportioned amount, and the amount so added if the apportioned amount is fifty dollars ($50) or more.
Cal. Sts. & High. Code § 6485
Division of Land and Bond
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Amended by Stats. 1967, Ch. 790.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.