Chapter 4.70 — SPECIAL GAS TAX STREET IMPROVEMENT FUND

To comply with the provisions of Streets and Highways Code § 2113, and to avail the city of the benefits of Streets and Highways Code § 2100 et seq., there is hereby created in the city treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(1)

Monies included. All monies received by the city from the state under the provisions of the Streets and Highways Code for the acquisition of real property, or interests therein, for engineering, or for the construction, maintenance, and improvement of streets or highways by the city shall be paid into such fund.

(2)

Expenditures. All monies in such fund shall be expended exclusively for the purposes authorized by and subject to the provisions of Streets and Highways Code §§ 2106—2116, as those may be amended from time to time.

(Ord. No. 2010-05, § 1, 10-1-2010; Ord. No. 2011-04, §§ 1, 2, 1-26-2011)