Long Beach Municipal Code Ch. 3.36 Special Public Improvement Fund

Footnotes:

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Editor's note— The original source of the special public improvement fund was the cigarette tax established by Ord. C-4559, operative on January 1, 1967, and repealed by Ord. C-4685, effective August 22, 1967.

The special public improvement fund heretofore created pursuant to Section 2469.2 of the 1955 Code, now repealed, is created and continued. Said fund shall be a continuing fund not subject to transfer at the close of the fiscal year. Said fund shall be used for the acquisition of improved and unimproved real property, construction of improvements on real property, financing off-street parking facilities and off-street parking districts, civic beautification, and similar projects which are authorized in the annual budget of the special public improvement fund or subsequently approved by the City Council to be financed from the special public improvement fund. All moneys heretofore and hereafter collected under the provisions of Chapter 4B of the 1955 Code, now repealed, including taxes, penalties and interest shall be deposited by the Tax Collector to the credit of said fund. All moneys heretofore and hereafter deposited in the special public improvement fund shall remain in said fund until expended.

(Prior code § 2460)