Streets and Highways Code - SHC
DIVISION 14. STREET LIGHTING [18000 - 19402]
( Division 14 added by Stats. 1941, Ch. 79. ) PART 4. THE HIGHWAY LIGHTING DISTRICT ACT [19000 - 19328]
( Part 4 added by Stats. 1941, Ch. 79. ) CHAPTER 11. Disposition of Funds [19200 - 19202]
( Chapter 11 added by Stats. 1941, Ch. 79. ) 19202.
The governing body of any highway lighting district may provide for the establishment of an accumulative capital outlay fund for the replacement of obsolete lighting system equipment. The fund shall be kept in reserve until appropriated in whole or in part to a specific project.
At any time after the creation of the fund the governing body may transfer to it any unencumbered surplus funds remaining on hand at the end of the fiscal year after the payment of the expenses of the district.
(Added by Stats. 1963, Ch. 854.)