Truckee Municipal Code Ch. 3.18 Special Gas Tax Street Improvement Fund

To comply with the provisions of Section 2113 of the Streets and Highways Code of California and to avail the Town of the benefits of Sections 2106 and 2107 of such Code, there is hereby created in the Town treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund."

All monies received by the Town from the State of California 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 and improvement of streets or highways by the Town shall be paid into such fund.

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

(ORD 93-15 06-03-93; 93-19 07-01-93)