DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS 2004.5-2704.79›CHAPTER 17. Passenger Rail and Clean Air Bond Act of 1990 2701-2701.24›ARTICLE 3. Fiscal Provisions 2701.10-2701.24
§ 2701.21
California Streets and Highways Code · 2026-09 edition · updated 2026-10-03 · 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. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
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