Simi Valley Municipal Code Art. 2 Special Gas Tax Street Improvement Fund

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

(§ 1, Ord. 5)

All moneys received by the City from the State pursuant to the provisions of the Streets and Highways Code of the State for the acquisition of real property, or interests therein, or for the engineering, construction, maintenance, or improvement of streets or highways by the City shall be paid into the Special Gas Tax Street Improvement Fund.

(§ 2, Ord. 5)

All moneys in the Special Gas Tax Street Improvement Fund shall be expended exclusively for the purposes authorized by, and subject to, the provisions of Sections 2107 through 2116 of Chapter 3 of Division 3 of the Streets and Highways Code of the State.

(§ 3, Ord. 5)