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GENERAL PROVISIONS›CHAPTER 3.3. The Statewide Park Development and Community Revitalization Act of 2008 5640-5654›ARTICLE 4. Fiscal Provisions 5730-5738

§ 5737

California Public Resources 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. 1986, Ch. 5, Sec. 1. Approved in Proposition 43 at the June 3, 1986, election. Operative July 1, 1986, by Stats. 1986, Ch. 5, Sec. 2.)

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California Public Resources Code

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