Cal. Pub. Resources Code § 5096.266

Current through the 2023 Legislative Session.

Section 5096.266 - Disbursement of proceeds 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. Pub. Res. Code § 5096.266

Added by Stats. 1984, Ch. 5, Sec. 1. Approved in Proposition 18 at the June 5, 1984, election.