Chapter 3.16 — SPECIAL GAS TAX STREET IMPROVEMENT FUND

To comply with the provisions of Streets and Highways Code § 2113 and to avail the Town of its benefits of Streets and Highways Code §§ 2106 and 2107, the Town has created in the Town Treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(Prior Code, § 3.18.010; Code 1990, § 3.32.010)

All monies received by the Town from the State 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 and improvement of streets or highways by the Town shall be paid into the fund.

(Prior Code, § 3.18.020; Code 1990, § 3.32.020)

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

(Prior Code, § 3.18.030; Code 1990, § 3.32.030)