California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 26.5. WATER SECURITY, CLEAN DRINKING WATER, COASTAL AND BEACH PROTECTION ACT OF 2002 |
Chapter 11. Fiscal Provisions |
Section 79589.
Latest version.
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The people of California hereby find and declare that inasmuch as the proceeds from the sale of bonds authorized by this division 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 limitation imposed by that article.
(Added November 5, 2002, by initiative Proposition 50.)