Chapter 3.50
STREET FUND
Sections:
3.50.020 Authorized expenditures.
3.50.010 Fund created.
There is created a fund named and designated as the “street fund” into which funds received from the state of Washington motor vehicle fuel tax shall be deposited as directed by RCW 47.24.040 along with other funds as may be contributed by the city from time to time. [Ord. 2023-01 § 1 (Exh. 1), 2023.]
3.50.020 Authorized expenditures.
Funds from the street fund may only be expended for the purpose of paying for salaries and wages, material, supplies, equipment, purchase or condemnation of right-of-way, engineering or any other proper highway or street purpose in connection with the construction, alteration, repair, improvement or maintenance of any city street or bridge, or viaduct or underpassage along, upon or across such streets, the planning, accommodation, establishment, or maintenance of pedestrian, equestrian, or bicycle trails within an existing highway right-of-way or severed by the highway. As required by RCW 47.30.050, at least 0.42 percent of the motor vehicle fuel tax funds during each state fiscal year (July 1st to June 30th) shall be spent on pedestrian, equestrian, or bicycle trails, unless the 0.42 percent would amount to $500.00 or less. Expenditures from the street fund may be made either independently or in conjunction with any federal, state, city or county funds. [Ord. 2023-01 § 1 (Exh. 1), 2023.]