Visalia Municipal Code Ch. 3.36 Special Gas Tax Street Improvement Fund

To comply with the provisions of Section 196, Article 5 of Chapter 1 of Division of the Streets and Highways Code, there is created in the city treasury a special fund to be known as the "Special Gas Tax Street Improvement Fund." (Prior code § 3275)

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 interest therein for, or for engineering, or for the construction, maintenance, or improvement of streets or highways by the city shall be paid into said fund. (Prior code § 3276)

All moneys in said fund shall be expended exclusively for the purposes authorized by, and subject to the provisions of Section 194-202 of Article 5, Chapter 1, Division 1, and Chapter 3, Division 3 of the Streets and Highways Code. (Ord. 9605 § 15, 1996: prior code § 3277)