Exeter Municipal Code Ch. 3.28 Gas Tax Street Improvement Fund

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State Law reference— For statutory provisions on the special gas tax street improvement fund, see Str. and Hys. Code §2113; for provisions on expenditures of money apportioned to such a fund, see Str. and Hys. Code §186.3.

To comply with the provisions of Article 5 of Chapter 1 of Division I and Chapter 3 of Division 3 of the Streets and Highways Code, there is created in the city treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(Ord. 105 §1, 1935; Ord. 373 §1, 1978)

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 interests therein, or the construction, maintenance, or improvement of streets or highways other than state highways shall be paid into the fund.

(Ord. 105 §2, 1935)

All moneys in the 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 and Chapter 3 of Division 3 of the Streets and Highways Code.

(Ord. 105 §3, 1935; Ord. 373 §2, 1978)