The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this title are not “proceeds of taxes” as that term is used in Article XIIIB of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
Cal. Gov. Code § 99076
Bond Provisions
Known as the Economic Recovery Bond Act
The act spans §§ 99050–99077 (17 sections).
Added by Stats. 2003, 5th Ex
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.