San Carlos Municipal Code Ch. 3.28 Special Gas Tax Street Improvement Fund

To comply with the provisions of Article 5 of Chapter 1 of Division I of the Streets and Highways Code, with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935, there is created in the Town Treasury a special fund to be known as the Special Gas Tax Street Improvement Fund. (Ord. 98 § 1, 1935)

All moneys received by the City from the State of California, under the provisions of the Streets and Highways Code for the acquisition of real property or interests therein for, or the construction, maintenance or improvement of streets or highways other than State highways shall be paid into the Special Gas Tax Street Improvement Fund. (Ord. 98 § 2, 1935)

All moneys in the Special Gas Tax Street Improvement Fund shall be expended exclusively for the purpose authorized by and subject to all of the provisions of Article 5, Chapter 1, Division I of the Streets and Highways Code. (Ord. 98 § 3, 1935)