Chapter 3.04 — SPECIAL GAS TAX STREET IMPROVEMENT FUND

SPECIAL GAS TAX STREET IMPROVEMENT FUND

Pursuant to the provisions of Section 2113 of the California Streets and Highways Code, there is created and established in the city treasury a special fund to be known as the special gas tax street improvement fund.

(Ord. 72-4 § 1, 1972)

All moneys received by the city from the state under the provisions of the Streets and Highways Code for the acquisition of rights-of-way, construction, maintenance, or improvement of streets or highways by the city, and for engineering costs and administrative expenses in respect to city streets, shall be deposited in the special gas tax street improvement fund. (Ord. 72-4 § 2, 1972)

All moneys in the fund shall be expended exclusively for the purposes authorized by, and subject to, the provisions of Chapter 3, Division 3, and Section 186.3, of the Streets and Highways Code. (Ord. 72-4 § 3, 1972)