California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 18. THE ECONOMIC RECOVERY BOND ACT |
Chapter 4. Bond Provisions |
Section 99076.
Latest version.
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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 XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
(Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved March 2, 2004, by adoption of Proposition 57.)