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DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 9. HOUSING AND HOMELESS BOND ACT OF 1988 53150-53178›CHAPTER 3. Fiscal Provisions 53170-53178

§ 53178

California Health and Safety Code · 2020-11 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 part 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. 1988, Ch. 48, Sec. 1. Approved in Proposition 84 at the November 8, 1988, election.)

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