The Legislature finds and declares that the expenditure of bond funds pursuant to this chapter does not constitute the use of bond proceeds or other indebtedness to pay a year-end state budget deficit, as prohibited by subdivision (c) of Section 1.3 of Article XVI of the California Constitution.
Cal. Pub. Res. Code § 37042
Bond Funds
Known as the Natural Heritage Preservation Tax Credit Act
The act spans §§ 37000–37042 (27 sections).
Added by Stats. 2004, Ch. 715, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.