California Public Resources Code

§ 5938

PRC § 5938Div. 5.8 · Ch. 4

Statute text

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 XIIIB of the California Constitution, the disbursement of these proceeds is not subject to the limitation imposed by that article.

Legislative history

Added June 7, 1988, by initiative Proposition 70.