Huntington Beach Municipal Code Ch. 3.08 Capital Outlay Fund

A fund is created for capital outlay for public improvements under the provisions of Division 2, Article 4 of the California Government Code (Sections 53730 et seq.).

(529-5/48)

Such fund shall be known as "special fund for capital outlay."

(529-6/48)

It shall remain inviolate for the making of any capital outlays for public improvements.

(529-5/48)

No moneys shall be disbursed therefrom excepting for such a purpose, excepting upon consent of the electors obtained as provided in said act.

(529-5/48)

Taxes may be levied upon the taxable property in the City for the raising of moneys for said fund; but no levy so made shall exceed the limitation imposed by the Charter of the City upon the right of the City to impose taxes, without the assent of two-thirds of the qualified electors of said City voting at any general or special election at which such proposition may be submitted.

(529-5/48)

The Council may transfer to such fund any unencumbered surplus funds remaining on hand in the City at the end of any fiscal year.

(529-5/48)

There is created a fund to be known as the "master planned drainage facilities fund" and all fees received by the City for the planned drainage facilities shall be deposited in such fund and shall be expended only for the construction or reimbursement for construction of drainage facilities within the master planned drainage area from which the fees comprising the funds were collected.

(789-8/60, 2673-2/84)