Cal. Government Code - GOV § 53730.5. Section 53730.5.
As used in this article, “local agency” means a city, county, or district empowered to levy and collect assessments or taxes.
ARTICLE 4. Capital Outlay Fund [53730.5. - 53737.]
Cal. Government Code - GOV 4.
in effectCal. Government Code - GOV § 53731. Section 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.
Cal. Government Code - GOV § 53732. Section 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.
Cal. Government Code - GOV § 53733. Section 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.
Cal. Government Code - GOV § 53734. Section 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.
Cal. Government Code - GOV § 53735. Section 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.
Cal. Government Code - GOV § 53737. Section 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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026