Chapter 5.50 GAS TAX STREET IMPROVEMENT FUND

Chapter 5.50
GAS TAX STREET IMPROVEMENT FUND

Sections:

5.50.020 Accumulation of funds.

5.50.030 Use of funds.

5.50.010 Created.

To comply with the provisions of Article 5, Chapter 1, Division 1 of the Streets and Highways Code, there is created in the city treasury a special fund for one or more special gas tax street improvement funds. (1991 code § 4-7.1)

5.50.020 Accumulation of funds.

All money received by the city from the state under the Streets and Highways Code for the acquisition of real property or interests in real property, or the construction, maintenance, or improvements of streets or highways other than state highways shall be paid into the fund. (1991 code § 4-7.2)

5.50.030 Use of funds.

All money in the fund shall be expended exclusively for the purposes authorized by, and subject to all of the provisions of, Article 5, Chapter 1, Division 1 of the Streets and Highways Code. (1991 code § 4-7.3)