California § 2455. 2455. (Added by renumbering Section 2405 by Stats. 1974, Ch. 545.)

California Statutes

§ 2455. — 2455. (Added by renumbering Section 2405 by Stats. 1974, Ch. 545.)

California § 2455.

Code SHCStreets and Highways Code - SHC

Div. 3.DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS

Ch. 10.CHAPTER 10. Grade Separation Projects

This text of California § 2455. (2455. (Added by renumbering Section 2405 by Stats. 1974, Ch. 545.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Streets and Highways Code - SHC Code § 2455. (2026).

Text

After an allocation is made to a local agency by the commission, the local agency and the department shall enter into an agreement concerning the handling and accounting of funds, including procedures to permit prompt payment for the work accomplished, and relative to any other phase of the work. The procedures providing for prompt payment of work accomplished shall be drawn in such a manner as to avoid the necessity for the local agency to utilize funds in an amount greater than the local agency’s share of the project costs. Such agreement may establish procedures for the programming of the work of the project in order to assure optimum cash flow utilization of funds made
				available by the Legislature for purposes of this chapter.

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After an allocation is made to a local agency by the commission, the local agency and the department shall enter into an agreement concerning the handling and accounting of funds, including procedures to permit prompt payment for the work accomplished, and relative to any other phase of the work. The procedures providing for prompt payment of work accomplished shall be drawn in such a manner as to avoid the necessity for the local agency to utilize funds in an amount greater than the local agency’s share of the project costs. Such agreement may establish procedures for the programming of the work of the project in order to assure optimum cash flow utilization of funds made
available by the Legislature for purposes of this chapter.

Legislative History

Added by renumbering Section 2405 by Stats. 1974, Ch. 545.

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California § 2455., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/2455..