The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIIIB of the California Constitution, and the disbursement of these proceeds is not subject to the limitations imposed by that article.
Cal. Educ. Code § 101431
Kindergarten Through Grade 12 School Facilities Fiscal Provisions
Added by Stats. 2024, Ch. 81, Sec. 28
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.