Loomis Municipal Code Ch. 3.24 Special Gas Tax Street Improvement Fund

To comply with the provisions of Section 2113 of the Streets and Highways Code and to avail itself of its benefits of Sections 2106 and 2107 thereof, there is created in the town treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(Ord. 6 § 1, 1984)

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

(Ord. 6 § 2, 1984)

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

(Ord. 6 § 3, 1984)