Avenal Municipal Code Art. 2 Gas Tax Street Improvement Fund

Article 1. Depositories and Signatories 3-2.101 Designated. 3-2.101 Designated. All moneys belonging to, or collected or received for the use of the City by any officer or employee shall immediately be deposited with the City Clerk. The City Clerk shall deposit such moneys in and with the Bank of America, Avenal Branch, Avenal, California, which bank is hereby designated as depository of the City for the benefit of the funds to which such moneys respectively belong. Such moneys shall be subject to withdrawal by the combined signatures of the City Treasurer, the City Clerk, and the Mayor or Mayor Pro Tempore, or designated signatories. Article 2. Gas Tax Street Improvement Fund 3-2.201 Created. 3-2.202 Deposits. 3-2.203 Expenditures. 3-2.201 Created. To comply with the provisions of Section 2113 of the Streets and Highways Code (as amended by Chapter 1621, Statutes of 1967), there is hereby created in the City treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund." 3-2.202 Deposits. 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 engineering, or the construction, maintenance, or improvement of streets or highways, other than State highways, shall be paid into the Special Gas Tax Street Improvement Fund.

Title 3 FINANCE Avenal, California, Code of Ordinances Page 12 3-2.203 Expenditures. All moneys in the Special Gas Tax Street Improvement Fund shall be expended exclusively for the purposes authorized by, and subject to, all the provisions of Sections 2106—2116 of the Streets and Highways Code (As amended by Chapter 1621, Statutes of 1967).