Chapter 3.16


3.16.010    Created.

3.16.020    Source of funds.

3.16.030    Expenditures.

3.16.010 Created.

There is created a fund to be known as the “arterial street fund,” pursuant to Chapter 7, Laws of the 1961 Extraordinary Session of the state. (Ord. 152 § 1, 1961)

3.16.020 Source of funds.

The arterial street fund shall be credited with all applicable state gas tax allocated to the town, funds contributed by the town and any other funds that may from time to time be authorized to be placed therein. (Ord. 152 § 2, 1961)

3.16.030 Expenditures.

The arterial street fund shall be used exclusively for the construction, improvement and repair of the arterial streets in the town, and all expenditures from the fund shall be made in accordance with the provisions of the laws of the state. (Ord. 152 § 3, 1961)