Chapter 3.36
CUMULATIVE RESERVE FUND FOR STREETS AND HIGHWAYS
Sections:
3.36.010 Created.
There is created and established a cumulative reserve fund to be known as “cumulative reserve fund” for the construction, improvement and repair of arterial streets and highways. (Ord. 126 § 1, 1961)
3.36.020 Source.
All funds received pursuant to Chapter 7, 1961 Extraordinary Session Laws, shall be deposited in the fund. (Ord. 126 § 2, 1961)
3.36.030 Expenditures.
Expenditures from the fund shall be made for the purpose of construction, improvement and repair of arterial streets or highways in accordance with the comprehensive six-year street program adopted pursuant to Chapter 195 of the Laws of 1961 and in accordance with the matching fund and other requirements of Chapter 7, 1961 Extraordinary Session Laws. (Ord. 126 § 3, 1961)