DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 7. Operative Date 7931.000›CHAPTER 12.4. Disaster Recovery Reconstruction Act of 1986 8877.1-8877.6›ARTICLE 3. Fiscal Provisions 8879.5-8879.16
§ 8879.15
California Government Code · 2026-09 edition · updated 2026-09-27 · California
The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter 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.
(Added by Stats. 1995, Ch. 310, Sec. 1. Approved in Proposition 192 at the March 26, 1996, election.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code