Cal. Elec. Code § 19266

Current through the 2024 Legislative Session.

Section 19266 - Legislative finding and declaration

The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article 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 Article XIII B.

Ca. Elec. Code § 19266

Renumbered from Ca. Elec. Code §19245 by Stats 2013 ch 602 (SB 360),s 64, eff. 1/1/2014.

Amended by Stats 2001 ch 902 (AB 56), s 1, eff. upon the approval by the people of the Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act).