Redlands Municipal Code Ch. 3.36 Capital Outlays Fund

Pursuant to the provisions of chapter 717, statutes of 1937, as amended (Deering general laws act 8496a), a fund is created for capital outlays, to be known as "special fund for capital outlays". (Ord. 1920 § 1, 1986: prior code § 15101)

Such fund shall remain inviolate for the making of such capital outlays as the city council shall direct to be made from such fund. (Ord. 1920 § 2, 1986: prior code § 15102)

The city council may include in its annual tax levies, taxes for the raising of monies for such fund; provided, that except as authorized by law, no levies so made shall exceed any limitation imposed by the general laws of the state upon the right of the city to impose taxes. (Ord. 1920 § 3, 1986: prior code § 15103)

The city council may transfer to such fund any unencumbered surplus funds remaining on hand at the end of any fiscal year. (Prior code § 15104)

The term "capital outlays" does not include the construction, acquisition, extension of, or addition to utilities other than utilities for the furnishing of water supply. For purposes of this section, the term "utilities" does not include sewage or sanitation facilities or airports. (Ord. 1920 § 4, 1986: prior code § 15105)