Appendix 2503. Special gas tax street improvement fund.

To comply with the provisions of Section 2113 of the Streets and Highways Code and to avail itself of its benefits of Sections 2106 and 2107 thereof, there is hereby created in the city treasury a special fund to be known as the special gas tax street improvement fund. All moneys received by the city from the State of California under the provisions of the Streets and Highways Code for the research, planning, construction, improvement, maintenance, and operation of public streets by the city (and their related public facilities for nonmotorized traffic), including the mitigation of their environmental effects, the payment for property taken or damaged for such purposes, and the administrative costs necessarily incurred in the foregoing purposes shall be paid into said fund. All moneys in said fund shall be expended exclusively for the purposes authorized by and subject to the provisions of the Streets and Highways Code.

(Ord. No. 09-368, § 6, 8-26-09)