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DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS 2004.5-2704.78›CHAPTER 20. Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century 2704-2704.21›ARTICLE 3. Fiscal Provisions 2704.10-2704.21

§ 2704.20

California Streets and Highways 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 chapter 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. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)

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California Streets and Highways Code

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