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02
City of Pleasanton
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CITY CLERK
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2010
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092110
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02
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9/15/2010 12:36:30 PM
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9/15/2010 12:28:37 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
9/21/2010
DESTRUCT DATE
15Y
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); <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 moneys <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'o a at <br />shall be transfcrrcdcd -te <br />deposited into the Transportation Investment Fund or its successor, which is hereby created in <br />12 <br />
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