Cal. Pub. Resources Code § 37042

Current through the 2024 Legislative Session.
Section 37042 - Expenditure of bond funds not use of bond proceeds to pay budget deficit

The Legislature finds and declares that the expenditure of bond funds pursuant to this chapter does not constitute the use of bond proceeds or other indebtedness to pay a year-end state budget deficit, as prohibited by subdivision (c) of Section 1.3 of Article XVI of the California Constitution.

Ca. Pub. Res. Code § 37042

Added by Stats 2004 ch 715 (AB 2722), s 2, eff. 1/1/2005.