Elections Code § 19266
‹ § 19265§ 19270 ›Open in browserleginfo ↗19266.
The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article 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 Article XIIIB.
(Added by renumbering Section 19245 by Stats. 2013, Ch. 602, Sec. 64. (SB 360) Effective January 1, 2014. Note: This section (as originally numbered) was added by Stats. 2001, Ch. 902, and approved in Prop. 41 on March 5, 2002.)