Public Resources Code section 37042

The Legislature finds and declares that the expenditure of bond funds pursuant to this chapter does not constitute the use of bond proceeds or other indebtedness to pay a year-end state budget deficit, as prohibited by subdivision (c) of Section 1.3 of Article XVI of the California Constitution.

Source: Section 37042, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PRC§ionNum=37042.­ (updated Jan. 1, 2005; accessed Jul. 21, 2025).

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Verified:
Jul. 21, 2025

§ 37042's source at ca​.gov