Compton Municipal Code § 4-1 Special Gas Tax Improvement Fund

[Ord. #856, § 2510]

There is hereby created in the City Treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund," in order to comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935.

[Ord. #856, § 2511]

All moneys received by the City from the State under the provisions of the Streets and Highways Code for the acquisition of real property or interest therein, or for the construction, maintenance or improvement of streets or highways other than State highways shall be paid into the fund.

[Ord. #856, § 2512]

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