Fresno County Municipal Code Ch. 4.12 Capital Outlay Fund

Pursuant to provisions of Section 53730 et seq. of Government Code, there is created a fund for capital outlays, which fund shall be set forth in each annual budget and be in addition to any other fund allowed by law and shall be known and designated as follows: "reserves for future capital outlays."

(Prior code, § 195)

The board shall, each year in the same manner that they provide for the levy and collection of taxes for other purposes, provide for the levy and collection of such taxes as may be necessary to accumulate or maintain the fund for "reserves for future capital outlays" in such an amount as may set forth and provided in each annual budget of the county.

(Prior code, § 196)

The fund accumulated as herein provided may be expended only for the purpose of construction, reconstruction, remodeling or purchasing public buildings, the acquisition of sites therefor, and the original furnishing thereof, or any other construction project which shall be approved by a four-fifths vote of the board, and the fund shall remain inviolate for the making of such capital outlays and disbursement shall not be made from the fund except for such purpose unless the electors of the county consent to the use of the money in the fund for some other specific purpose at an election duly and regularly called at which such proposition is submitted to them in the manner prescribed by law.

(Prior code, § 196.1)