Los Altos Municipal Code Ch. 3.44 Special Gas Tax Street Improvement Fund

To comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code of the state, there is hereby created in the city treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(Prior code § 8-4.01)

All moneys received by the city from the state pursuant to the provisions of the Streets and Highways Code of the state for the acquisition of real property, or interests therein, or for the construction, maintenance, or improvement of streets or highways, other than state highways, shall be paid into the Special Gas Tax Street Improvement Fund.

(Prior code § 8-4.02)

All moneys in the special gas tax street improvement fund shall be expended exclusively for the purposes authorized by, and subject to all of the provisions of, Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code of the state.

(Prior code § 8-4.03)