La Quinta Municipal Code Ch. 3.18 Special Gas Tax Street Improvement Fund

To comply with the provisions of Section 2113 of the California Streets and Highways Code and to avail the city of the benefits of Sections 2106 and 2107 of the California Streets and Highways Code, there is created by ordinance a special fund in the city treasury to be known as the special gas tax street improvement fund.

(Ord. 529 § 6, 2015; Ord. 2 § 1, 1982)

All moneys received by the city from the state under the provisions of the California Streets and Highways Code for the acquisition of real property or interests therein, or for engineering, or for the construction, maintenance and improvement of streets or highways by the city shall be paid into the fund.

(Ord. 529 § 6, 2015; Ord. 2 § 1, 1982)

All moneys in the fund shall be expended exclusively for the purposes authorized by and subject to the provisions of the California Streets and Highways Code.

(Ord. 529 § 6, 2015; Ord. 2 § 1, 1982)

To comply with the provisions of Section 2113 of the California Streets and Highways Code, interest received by the city from the investment of money in the special gas tax street improvement fund shall be deposited in the fund and shall be used for street purposes.

(Ord. 529 § 6, 2015)