The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this part 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 § 54030
Fiscal Provisions
Known as the Veterans and Affordable Housing Bond Act
The act spans §§ 54000–54034 (20 sections).
Added by Stats. 2017, Ch. 365, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.