Burlingame Municipal Code Ch. 4.12 Special Fund for Capital Outlays

There is established a special fund for capital outlays, to be created by the levy and collection of taxes and assessments which the city council may levy, and which taxes and assessments shall be levied and collected in the same manner and at the same time as other taxes. In making such levy, the city council shall not exceed the limitation to impose taxes prescribed by the general laws of the state of California without the assent of two-thirds of the qualified electors of the city.

(1941 Code § 950, Ord. 405, (1944))

The city council may transfer to such capital outlay fund any unencumbered surplus funds remaining on hand at the end of any fiscal year. No money shall be disbursed from such fund except for the making of any capital outlays; provided, however, the city council may submit a proposition to the electors of the city, to obtain the consent of such electors to the use of the moneys in such fund, or any portion thereof, for some other specific purpose. Such proposition may be submitted at any election, and shall require a two-thirds vote of all voters voting at such election to authorize the expenditure of the moneys in such fund, or any portion thereof, for such other purpose.

(1941 Code § 950, Ord. 405, (1944))

"Capital outlays" shall not be construed to include the construction, acquisition, extension of or addition to utilities other than utilities for the furnishing of a water supply.

(1941 Code § 950, Ord. 405, (1944))