Inasmuch as the proceeds from the sale of bonds authorized by this article 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. Health & Safety Code § 125291.85
California Stem Cell Research and Cures Bond Act of 2004
Known as the California Stem Cell Research and Cures Bond Act
The act spans §§ 125291–125291 (16 sections).
Added November 2, 2004, by initiative Proposition 71, Sec. 5.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.