CHAPTER 12
SPECIAL GAS TAX STREET IMPROVEMENT FUND

(Added by O-271)

ARTICLE 1 - FUND CREATED

212.1.1 CREATION OF FUND.

To comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code, with particular reference to the amendments made thereby by Chapter 642, Statutes of 1935, there is hereby created in the City treasury a special fund to be known as the Special Gas Tax Street Improvement Fund.

ARTICLE 2 - GENERAL

212.2.1 SOURCE OF REVENUE.

All monies received by the City from the State under the provisions of the Streets and Highways Code for the acquisition of real property, or interests therein, or for the construction, maintenance or improvement of, streets or highways, other than State highways, shall be paid into the Special Gas Tax Street Improvement Fund.

212.2.2 EXPENDITURES.

All monies in the Special Gas Tax Street Improvement Fund shall be expended exclusively for the purposes authorized by, and subject to all the provisions of Article 5, Chapter 1, Division 1 of the Streets and Highways Code.