The Legislature hereby finds and declares that, inasmuch as 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, the disbursement of these proceeds is not subject to the limitations imposed by that article.
Cal. Penal Code § 7434
New Prison Construction Bond Act of 1990
Known as the New Prison Construction Bond Act
The act spans §§ 7300–7434 (45 sections).
Added by Stats. 1990, Ch. 5, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.