ARTICLE 4. Capital Outlay Fund

Article 4 added by Stats. 1949, Ch. 81.

§§ 53730.5–53737 · 7 sections

• § 53730.5 As used in this article, “local agency” means a city, county, or district empowered to levy and collect assessments or taxes.
• § 53731 By ordinance, the legislative body of a local agency may provide for the levy and collection of assessments or taxes for the creation and accumulation of a…
• § 53732 In making a levy, the legislative body shall not exceed any limitation upon its right to impose taxes prescribed by law except as authorized by law.
• § 53733 If the local agency is a city or county operating under a charter, the limitations upon the levying of taxes imposed by the charter apply.
• § 53734 In a local agency required to adopt a budget, all or part of the fund may be shown in the budget as reserves for future expenditures in subsequent years and…
• § 53735 At any time after the creation of the fund the legislative body may transfer to the fund any unencumbered surplus funds remaining on hand at the end of a…
• § 53737 The term “capital outlays” does not include the construction, acquisition, extensions of, or additions to utilities other than utilities for the furnishing of…