California Streets and Highways Code 5914 – A program administrator may not waive or defer the first payment on …
Current as of: 2024 | Check for updates
|
Other versions
A program administrator may not waive or defer the first payment on an assessment contract. A property owner’s first assessment payment shall be due no later than the fiscal year following the fiscal year in which the installation of the efficiency improvement is completed.
(Added by Stats. 2017, Ch. 484, Sec. 1. (SB 242) Effective January 1, 2018.)
Terms Used In California Streets and Highways Code 5914
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.