Cal. Pub. Resources Code § 95014

Current through 2024 Legislative Session

Section 95014 - Bonds proceeds are not "proceeds of taxes"

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

Ca. Pub. Res. Code § 95014

Added by Stats 2024 ch 83 (SB 867),s 2, eff. 11/6/2024 upon the approval by the voters of the Safe Drinkiing Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024 (Approved in Proposition 4 at the November 5, 2024, election.).