Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA PUBLIC RESOURCES CODEDivision 5 - PARKS AND MONUMENTSChapter 3.7 - COMMUNITY PARKLANDS ACT OF
Article 4 - FISCAL PROVISIONS
Section 5737 - Disbursement of proceeds not subject to constitutional limitation

Cal. Pub. Resources Code § 5737

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Current through the 2023 Legislative Session.
Section 5737 - Disbursement of proceeds not subject to constitutional limitation

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 § 5737

Added by Stats. 1986, Ch. 5, Sec. 1. Approved in Proposition 43 at the June 3, 1986, election. Operative July 1, 1986, by Stats. 1986, Ch. 5, Sec. 2.