California Government Code

Sec. § 7914

An appropriation for a “qualified capital outlay project,” as used in subdivision (d) of Section 9 of Article XIIIB of the California Constitution, means an appropriation for a fixed asset (including land and construction) with a useful life of 10 or more years and a value which equals or exceeds one hundred thousand dollars ($100,000).

Last accessed
Jun. 6, 2016