Rancho Palos Verdes Municipal Code Ch. 3.28 Gas Tax Street Improvement Fund

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

(Code 1981, § 3.28.010; Ord. No. 4U, § 1, 1973)

All moneys received by the city from the state under the provisions of the Streets and Highways Code 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 said fund.

(Code 1981, § 3.28.020; Ord. No. 4U, § 2, 1973)

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

(Code 1981, § 3.28.030; Ord. No. 4U, § 3, 1973)