53196.5. The local agency may do all of the following:(a) Prescribe procedures for determining and notifying landowners when the contingent assessment is due and payable and for collecting the assessment.(b) Prescribe a penalty for nonpayment of the contingent assessment within the time and in the manner specified.(c) Provide for an additional penalty not to exceed 2 percent per month for nonpayment of the contingent assessment and the penalty.(d) Provide for collection of those penalties.(Added by Stats. 1986, Ch. 1512, Sec. 1.)
California Legal Code