Establishment of the Special Assessment District Delinquency Fund

San Diego Municipal Code ch. 6, art. 1, div. 23, pt. 9

in effect

San Diego Municipal Code § 61.2390 Fund Established

§61.2390 Fund Established There is hereby established a fund known as the Special Assessment District Delinquency Fund to help fulfill the purposes of this Chapter. (“Fund Established” added 12–8–1992 by O–17882 N.S.) (Editors note: Chapter 6, Article 1, Division 23 added 8–24–1988.)

San Diego Municipal Code § 61.2391 Payments on Delinquent Accounts, Penalties and Interest

§61.2391 Payments on Delinquent Accounts, Penalties and Interest Whenever payments are received by the City Treasurer consisting of penalty and interest charges imposed upon delinquent amounts assessed under the provisions of the Improvement Bond Act of 1915, the provisions of the Mello–Roos Community Facilities District Act or the provisions of the Lighting and Landscape Improvement Act of 1972, the payments shall be placed in the Special Assessment District Delinquency Fund. Interest earnings on the monies on deposit shall remain in the Special Assessment District Delinquency Fund, notwithstanding the provisions of Section 61.2393. (“Payments on Delinquent Accounts, Penalties and Interest” added 12–8–1992 by O–17882 N.S.) (Editors note: Chapter 6, Article 1, Division 23 added 8–24–1988.)

San Diego Municipal Code § 61.2392 Expenditures From Special Assessment District Delinquency Fund Restricted

§61.2392 Expenditures From Special Assessment District Delinquency Fund Restricted Funds deposited in the Special Assessment District Delinquency Fund may be expended for: (a) The payment of costs incurred in fulfilling the City’s duties under a bond indenture or any similar obligation. (b) The payment of costs incurred in litigation defending the District or protecting the integrity of the District, including litigation costs for proceedings in bankruptcy. C. The payment to the General Fund of amounts in excess of the maximum balance, as defined in Section 61.2393. (“Expenditures From Special Assessment District Delinquency Fund Restricted” added 12–8–1992 by O–17882 N.S.) (Editors note: Chapter 6, Article 1, Division 23 added 8–24–1988.)

San Diego Municipal Code § 61.2393 Disposition of Balance in the Special Assessment District Delinquency Fund

§61.2393 Disposition of Balance in the Special Assessment District Delinquency Fund The Special Assessment District Delinquency Fund shall not exceed a maximum balance equal to 1% of the outstanding principal balance of bonds issued by The City of San Diego under the Improvement Bond Act of 1915 and the Mello–Roos Community Facilities District Act. Such amount shall be determined from time to time. Any excess amounts shall be paid to the General Fund. (“Disposition of Balance in the Special Assessment District Delinquency Fund” added 12–8–1992 by O–17882 N.S.) (Editors note: Chapter 6, Article 1, Division 23 added 8–24–1988.)

Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter06/Ch06Art01Division23.pdf#page=15Fetched: 10/28/2026