Public Resources Code section 5096.266

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.

Source: Section 5096.266, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=5096.266. (accessed May 12, 2025).

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5096.2595

Last Updated

May 12, 2025

§ 5096.266’s source at ca.gov

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Location: https://california.public.law/codes/public_resources_code_section_5096.266

Original Source: Section 5096.266, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=5096.266. (last accessed May 12, 2025).