Oakley Municipal Code Ch. 3.4 Special Gas Tax Street Improvement Fund

In accordance with the provisions of Section 2113 of the California Streets and Highways Code, there is hereby created a special fund to be known as the "City of Oakley Special Gas Tax Street Improvement Fund ("Fund")."

The purpose of the fund is to receive apportionments from the State of California pursuant to California Streets Highways Code §§ 2105 through 2107.5 (the Highway Users Tax Fund), as they may be amended, for the acquisition of real property, or an interest therein; for engineering; or for the construction, maintenance or improvement of streets or highways within the City of Oakley.

All revenue in the Fund, and the interest earned thereon, shall be appropriated and expended exclusively for the purposes authorized by, and subject to the provisions of, Chapter 3 of Division 3 (§§ 2100 et seq.) of the California Streets and Highways Code.