Chapter 3.40ARTERIAL STREET FUND

Sections:

3.40.010
Created.
3.40.020
Use.
3.40.010Created.

There is created for the city a separate fund to be known as the “arterial street fund.” Into this fund shall be paid the proceeds of the one-half cent of additional tax received by the city under the provisions of RCW 82.36.020, together with the twenty-five percent matching funds to be paid by the city under the statute.

(Ord. 573 § 1, 1961)

3.40.020Use.

The moneys in this fund shall be used exclusively for the construction, improvement and repair of arterial highways in the city as defined in RCW 46.04.030, and in accordance with the procedures established from time to time by the Washington State Director of Highways and the Division of Municipal Corporations and the comprehensive street program to be adopted and from time to time revised under Section 2 of Chapter 195, Laws of the State, 1961 Regular Session, as codified at RCW 35.77.010.