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TOWN OF TRUCKEE <br /> California <br /> <br />ORDINANCE NO. 93-08 <br /> <br />AN ORDINANCE OF THE TOWN OF TRUCKEE ESTABLISHING <br />A SPECIAL GAS TAX STREET IMPROVEMENT FIJND <br /> <br />The Town Council of the Town of Truckee Does Ordain as Follows: <br /> <br /> Section 1. To comply with the provisions of Section 2113 of the California Streets and <br />Highways Code, there is hereby created in the Town treasury a special fund to be known as the <br />"Special Gas Tax Street Improvement Fund". <br /> <br /> Section 2. All monies received by the Town from the State of California under the <br />provisions of the California Streets and Highways Code for the acquisition of real property or <br />interest therein for, or for engineering, or for the construction, maintenance or improvement of <br />streets or highways by the Town shall be paid into said fund. <br /> <br /> Section 3. All monies in said fund shall be expended exclusively for the purposes <br />authorized by, and subject to the provisions of Sections 2106 - 2116 of the California Streets and <br />Highways Code. <br /> <br /> Section 4. This ordinance shall take effect immediately as an urgency ordinance. The <br />urgency is because of the following facts: <br /> <br />ao <br /> <br />The Town of Truckee was incorporated on March 23, 1993; <br />In order for the Town to be fiscally solvent, it must immediately receive all tax <br />revenues to which it is entitled; <br />Unless this ordinance takes effect immediately, the Town will lose revenues to which <br />it is entitled and on which it is dependent. <br /> <br /> <br />