2010 California Code
Government Code
Article 4. Capital Outlay Fund

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 fund for capital outlays.



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 when so shown shall be
identified as to purpose, but need not be itemized.




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 fiscal year.



53737.  The term "capital outlays" does not include the
construction, acquisition, extensions of, or additions to utilities
other than utilities for the furnishing of water supply. The term
"utilities" shall not include sewage or sanitation facilities or
airports.