Shasta Lake Municipal Code Ch. 3.24 Special Gas Tax Street Improvement Fund

To comply with the provisions of Section 2113 of the Streets and Highways Code, and to avail itself of the benefits of Sections 2106 and 2107 thereof, there is created in the city treasury a special fund to be known as "special gas tax street improvement fund."

(Ord. 93-04 § 1)

All monies 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 interest therein, or for engineering or for the construction, maintenance, or improvement of streets or highways by the city, and all interest received from the investment thereof, shall be paid into said fund.

(Ord. 93-04 § 2)

All monies in said fund shall be expended exclusively for the purpose authorized by and subject to the provisions of the Streets and Highways Code.

(Ord. 93-04 § 3)