GENERAL PROVISIONS›CHAPTER 4. Fiscal Provisions 5930-5938

§ 5938

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

The people of California hereby find and declare that, inasmuch as the proceeds from the sale of bonds authorized by this division 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 limitation imposed by that article.

(Added June 7, 1988, by initiative Proposition 70.)

Retrieved: 2026-09-26T19:53:10.661911+00:00

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California Public Resources Code

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