San Marcos Municipal Code Ch. 3.24 Gas Tax Improvement Fund

Deposits; Expenditures.

(a)

Fund Created. To comply with the provisions of Section 2113 of the State Streets and Highways Code, there is hereby created in the City treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

(b)

Deposit of Revenues. All monies 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 engineering or for the construction, maintenance or improvement of streets or highways by the City shall be paid into the special gas tax street improvement fund.

(c)

Expenditure of Revenues. All monies in the special gas tax street improvement fund created by subsection (a) shall be expended exclusively for the purposes authorized by, and subject to the provisions of Section 2100 et seq. of the State Streets and Highways Code.