Hermosa Beach Municipal Code Ch. 3.40 Special Gas Tax Street Improvement Fund

Contents:

3.40.010 Created pursuant to state law.

3.40.020 Payments into fund.

3.40.030 Expenditures from fund.

To comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Street and Highways Code, with particular reference to the amendment made thereto by Chapter 642, Statutes of 1935, there is created in the city treasury a special fund to be known as the special gas tax street improvement fund. (Prior code § 2-85)

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 for the construction, maintenance or improvement of streets or highways other than state highways shall be paid into the fund created by this chapter. (Prior code § 2-86)

All moneys in the fund created by this chapter 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 of the state. (Prior code § 2-87)