Government Code - GOV
TITLE 18. THE ECONOMIC RECOVERY BOND ACT [99050 - 99077]
( Title 18 added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. ) CHAPTER 4. Bond Provisions [99065 - 99077]
( Chapter 4 added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. ) 99077.
The state hereby pledges and agrees with the holders of any bonds issued pursuant to this title that it will not reduce the rate of imposition of either of the taxes imposed pursuant to Sections 6051.5 and 6201.5 of the Revenue and Taxation Code, which generate the revenue deposited in the Fiscal Recovery Fund.
(Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved in Proposition 57 at the March 2, 2004, election.)