ARTICLE 2. Street Work Revolving Fund [43420. - 43431.]

Article 2 added by Stats. 1949, Ch. 79.

§§ 43420–43431 · 12 sections

§ 43420 By ordinance or resolution, the city legislative body may create one or more revolving funds in connection with proceedings had under any general law for the…
§ 43421 The revolving fund may be created and used when the cost of the work or improvement is to be paid for: (a) By special assessment. (b) Out of any general or…
§ 43422 By resolution, the legislative body may order money from any of the following funds transferred to and deposited in the revolving fund: (a) The general fund.…
§ 43423 The legislative body may appropriate any sums deemed necessary out of any such revolving fund and expend the money for any of the purposes enumerated and…
§ 43424 It may advance money from the revolving fund as a deposit pursuant to Article 1 (commencing with Section 1255.010) of Chapter 6 of, or Article 2 (commencing…
§ 43425 It may appropriate money out of any such revolving fund and, at prices not exceeding their face value, purchase improvement bonds or warrants representing…
§ 43426 It may collect payments of principal and interest upon such bonds or warrants and deposit them in the revolving fund.
§ 43427 The legislative body may order the revolving fund reimbursed, in whole or in part, when the following conditions exist: (a) It has appropriated and expended or…
§ 43428 It may order that the revolving fund be reimbursed, either in whole or in part: (a) By the deposit of the whole or any part of such assessments when collected.…
§ 43429 The amount of the reimbursement shall not exceed the amount paid out of or advanced from the revolving fund for the improvement.
§ 43430 The legislative body may reimburse the revolving fund, in whole or in part, by appropriating to, and depositing in, the fund money from any of the funds…
§ 43431 At any time the legislative body may reduce or discontinue the revolving fund. Upon such reduction or discontinuance, it shall transfer the money in the…