Cal. Mil. & Vet. Code § 998.557

Current through the 2023 Legislative Session.

Section 998.557 - Nature of proceeds

The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article 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. Mil. and Vet. Code § 998.557

Added by Stats 2013 ch 727 (AB 639),s 1, eff. upon the approval by the voters of the Veterans Housing and Homeless Prevention Bond Act of 2014 The voters approved this measure on 6/3/2014.