Arroyo Grande Municipal Code Ch. 3.44 Gas Tax Street Improvement Fund

To comply with the provisions of Article 5 of Chapter 1 of Division I of the Streets and. Highways Code of the state, with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935, there is created in the city treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(Prior code § 3-2.201)

All moneys received by the city from the state pursuant to the provisions of the Streets and Highways Code of the state for the acquisition of real property or interests therein, or for the construction, maintenance or improvement of streets or highways, other than state highways, shall, be paid into such fund.

(Prior code § 3-2.202)

All moneys in such fund shall be expended exclusively for the purposes authorized by, and subject to all the provisions of, Article 5 of Chapter 1 of Division I of the Streets and Highways Code of the state.

(Prior code § 3-2.203)