Westminster Municipal Code Ch. 3.24 Capital Outlays Fund

A fund is hereby created for capital outlays under the provisions of Section 53730 of the Government Code.

(Prior code § 2800)

The fund created in Section 3.24.010 shall be known as the "Special Fund for Capital Outlays." It shall remain inviolate for the making of any capital outlays, and no moneys shall be disbursed therefrom except as provided in the Government Code of the state.

(Ord. 2362 § 8, 2003)

Taxes may be levied upon the taxable property in the city for the raising of moneys in the capital outlays fund but in making a levy the legislative body shall not exceed any limits upon its right to impose taxes prescribed by law, except as authorized by law.

(Prior code § 2800.2)

The city council may in its discretion transfer to such fund any unencumbered surplus funds remaining on hand in the city at the end of any fiscal year.

(Prior code § 2800.3)