Source: https://www.codepublishing.com/CA/ElkGrove/html/ElkGrove03/ElkGrove0320.html
Timestamp: 2020-07-08 01:02:08
Document Index: 329394029

Matched Legal Cases: ['§3', '§1', '§1', '§3', '§1', '§1', '§3', '§1', '§1', '§3', '§1', '§1', '§3', '§1', '§1', '§3', '§1', '§1']

Chapter 3.20 CAPITAL OUTLAY FUND
3.20.010 Fund created.
3.20.020 Purpose.
3.20.030 Method of raising funds.
3.20.040 Transfer of funds.
3.20.050 Transferral from library fund.
3.20.060 Uses limited.
For statutory provisions authorizing a capital outlay fund and providing the method of its administration, see Section 53731, et seq., of the Government Code.
There is hereby created a fund known as the “capital outlay construction fund,” in accordance with the provisions of Sections 53731 and 53737 of the Government Code. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]
The fund shall be an accumulation of monies for future expenditures for capital outlays. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]
Funds for the capital outlay fund may be raised as part of the tax levy for the general fund appropriation for City construction, in such amounts as the City Council may approve from year to year. The amounts so raised shall be transferred from the City construction fund to the capital outlay fund. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]
The City Council may transfer to said fund any unencumbered surplus funds remaining on hand at the end of any fiscal year. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]
All funds now in the library fund, or which may be raised for said fund pursuant to the provisions of Section 27263 of the Education Code, are hereby transferred to the capital outlay construction fund, but such funds shall be used and expended solely for the purposes authorized by Section 27263. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]
The capital outlay fund shall remain inviolate for the making of capital outlays, including site acquisition, site development, architectural services, inspection services, engineering services, construction, reconstruction and alterations, and no monies shall be disbursed therefrom except for such purposes. [Ord. 7-2009 §3, eff. 5-1-2009; Ord. 2000-14A §1, eff. 10-25-2000; Ord. 2000-1 §1, eff. 7-1-2000]