Chapter 3.18 — SPECIAL GAS TAX STREET IMPROVEMENT FUND

To comply with the provisions of Streets and Highways Code § 2113 and to avail the Town of its benefits of Streets and Highways Code §§ 2106 and 2107, there is hereby created in the Town Treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

All moneys received by the Town from the State of California under the provisions of the Streets and Highways Code for the acquisition of real property or interests therein, or for engineering, or for the construction, maintenance and improvement of streets or highways by the Town shall be paid into said fund.

All moneys in said fund shall be expended exclusively for the purposes authorized by and subject to the provisions of the Streets and Highways Code of California.

(Ord. 3, 11-28-88)