Cal. Ed. Code § 101039.5

Current through the 2023 Legislative Session.

Section 101039.5 - Disbursement not subject to constitutional limitations

The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not "proceeds of taxes" as that term is used in Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.

Ca. Educ. Code § 101039.5

Added by Stats 2006 ch 35 (AB 127),s 16, eff. 5/20/2006. The voters approved this proposition at the November, 2006 general election.