Cal. Gov. Code § 99076

Current through the 2023 Legislative Session.

Section 99076 - Disbursement of sale proceeds not subject to Article XIII B of California Constitution

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.

Ca. Gov. Code § 99076

Added by Stats 2003 ch 2 (AB X5-9),s 3, approved 3/2/2004, Proposition 57 (Click here to see text of Proposition 57).