Morro Bay Municipal Code Ch. 3.04 Gas Tax Street Improvement Fund

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For statutory provisions regarding the apportionment of money to cities having a special gas tax street improvement fund, see Streets and Highways Code § 2113; for provisions regarding highway users' tax funds generally, see Streets and Highways Code § 2100 et seq.

To comply with the provisions of Sections 182 et seq. and 2107 et seq. of the Streets and Highways Code of the state, there is created in the city treasury a special fund to be known as the "special gas tax street improvement fund."

(Ord. 4 § 1, 1964)

All moneys received by the city from the state under the provisions of Sections 182 et seq. and 2107 et seq. of the Streets and Highways Code of the state for the acquisition of real property or interests therein for, or for engineering, or for the construction, maintenance or improvement of streets or highways by the city shall be paid into such fund.

(Ord. 4 § 2, 1964)

All moneys in the fund shall be expended exclusively for the purposes authorized by, and subject to the provisions of Sections 182 et seq. and 2107 et seq. of the Streets and Highways Code of the state.

(Ord. 4 § 3, 1964)