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(A) Established. A Capital Outlay Fund is created pursuant to the provisions of Cal. Gov't Code §§ 53730.5 et seq., as amended.
('81 Code, § 3.32.010)
(B) Source of fund. The moneys constituting the fund established by this section shall consist of such taxes as the Council may from time to time levy and collect for the purposes of the fund and of such surplus funds as the Council may from time to time by resolution transfer to the fund.
('81 Code, § 3.32.020)
(C) Conditions for disbursements and appropria-tions. Disbursements from and appropriations to the fund established by this section shall be made for the purposes and subject to the conditions prescribed by the provisions of the Statutes of 1937, as now written and as hereafter amended.
('81 Code, § 3.32.030)