California Streets and Highways Code 140.3 – Effective June 30, 2006, the Equipment Service Fund in the State …
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Effective June 30, 2006, the Equipment Service Fund in the State Treasury is abolished and all moneys in the fund shall be transferred to the State Highway Account in the State Transportation Fund. Any outstanding liabilities and encumbrances of the Equipment Service Fund as of June 30, 2006, shall become liabilities and encumbrances payable from the State Highway Account.
(Repealed and added by Stats. 2006, Ch. 56, Sec. 9. Effective July 7, 2006.)
Terms Used In California Streets and Highways Code 140.3
- highway: includes bridges, culverts, curbs, drains, and all works incidental to highway construction, improvement, and maintenance. See California Streets and Highways Code 23
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State highway: means any highway which is acquired, laid out, constructed, improved or maintained as a State highway pursuant to constitutional or legislative authorization. See California Streets and Highways Code 24