West Covina Municipal Code § 2-294 Created; sources and disbursements

There is hereby created and established a capital outlay fund for the city. Money may be transferred to or paid into such capital outlay fund from any legally permitted fund or source. Such fund shall be used only for the purposes and shall be subject to the limitations set forth in Title 5, Division 2, Part 1, Chapter 4, Article 4 of the Government Code of the State. Disbursements from such fund for permitted capital outlay purposes shall be made only when authorized by resolution of the city council.

(Code 1960, § 2620)

There is hereby appropriated and shall be paid into the capital outlay fund the proceeds of the business license tax levied on sanitary landfill disposal facilities pursuant to section 14-68, category code V, of this Code. The funds so paid into the capital outlay fund shall be expended for park and recreational capital outlay projects or as otherwise directed by the city council.

(Code 1960, § 2622; Ord. No. 1290, § 1, 2-23-76; Ord. No. 1386, § 1, 6-26-78)