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TITLE 18. THE ECONOMIC RECOVERY BOND ACT 99050-99077›CHAPTER 4. Bond Provisions 99065-99077

§ 99076

California Government Code · 2018-11 edition · updated 2026-10-04 · California

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

(Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved in Proposition 57 at the March 2, 2004, election.)

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California Government Code

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