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California Law (Last Updated: March 4, 2014) |
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Public Resources Code - PRC |
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Division 28. NATURAL HERITAGE PRESERVATION TAX CREDIT ACT OF 2000 |
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Chapter 7. Bond Funds |
Section 37031.
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(a) For bond provisions listed in paragraphs (1) to (3), inclusive, of subdivision (c) of Section 37032, "purpose" means scheme and design.
(b) For bond provisions listed in paragraphs (4) to (11), inclusive, of subdivision (c) of Section 37032, "purpose" means scope and effect.
(c) For bond funds eligible to be used under this chapter, pursuant to paragraph (12) of subdivision (c) of Section 37032, if the bond act is passed by initiative, "purpose" shall be defined pursuant to subdivision (b), but if the bond act is not passed by initiative, "purpose" shall be defined pursuant to subdivision (a).
(d) For purposes of this chapter, "property" means property as defined in subdivision (j) of Section 37002 that is acquired pursuant to this division using bond funds in accordance with this chapter.