Water Code - WAT
DIVISION 24. SAFE, CLEAN, RELIABLE WATER SUPPLY ACT [78500 - 78702]
( Division 24 added by Stats. 1996, Ch. 135, Sec. 1. ) CHAPTER 10. Fiscal Provisions [78690 - 78702]
( Chapter 10 added by Stats. 1996, Ch. 135, Sec. 1. ) 78702.
The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this division are not “proceeds of taxes” as that term is used in Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
(Added by Stats. 1996, Ch. 135, Sec. 1. Approved in Proposition 204 at the November 5, 1996, election.)