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02
City of Pleasanton
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CITY CLERK
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2010
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031610
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3/10/2010 1:02:40 PM
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3/10/2010 1:02:38 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
3/16/2010
DESTRUCT DATE
15 Y
DOCUMENT NO
02
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may authorize the expenditure of money in a local transportation fund for purposes other than <br /> those specified in this subdivision. <br /> (e) This section constitutes the sole method of allocating, distributing, and using the <br /> revenues in a local transportation fund. The purposes described in subdivision (d) are the sole <br /> purposes for which the revenues in a local transportation fund may be used. The Legislature <br /> may not enact a statute or take any other action which, permanently or temporarily, does any <br /> of the following: <br /> (1) Transfers, diverts, or appropriates the revenues in a local transportation fund for any <br /> other purpose than those described in subdivision (d); <br /> (2) Authorizes the expenditures of the revenue in a local transportation fund for any <br /> other purpose than those described in subdivision (d)i <br /> (3) Borrows or loans the revenues in a local transportation fund, regardless of whether <br /> these revenues remain in the Retail Sales Tax Fund in the State Treasury or are transferred to <br /> another fund or account. <br /> (f) The percentage of the tax imposed pursuant to section 7202 of the Revenue and <br /> Taxation Code allocated to local transportation funds shall not be reduced below the <br /> percentage that was transmitted to such funds during the 2008 calendar year. Revenues <br /> allocated to local transportation funds shall be transmitted in accordance with Section 7204 of <br /> the Revenue and Taxation Code and deposited into local transportation funds in accordance <br /> with Section 29530 of the Government Code, as those sections read on June 30, 2009. <br /> Section Seven. Article XIX B of the California Constitution is hereby amended to read as <br /> follows: <br /> SECTION 1. The Legislature shall not borrow revenues from the Transportation <br /> Investment Fund, or its successor, and shall not use these revenues for purposes, or in ways, <br /> other than those specifically permitted by this article. <br /> SEC. 2. (a) For the 2003 -04 fiscal year and each fiscal year thereafter, all meaeys <br /> revenues that are collected during the fiscal year from taxes under the Sales and Use Tax Law <br /> (Part 1 (commencing with Section 6001) of Division 2 of the Revenue and Taxation Code), or <br /> any successor to that law, upon the sale, storage, use, or other consumption in this State of <br /> motor vehicle fuel, as defined for purposes of the Motor Vehicle Fuel License Tax Law (Part 2 <br /> (commencing with Section 7301) of Division 2 of the Revenue and Taxation Code), an are <br /> shall be transferred to <br /> deposited into the Transportation Investment Fund or its successor, which is hereby created in <br /> 12 <br />
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