§ 99696
55 words·~1 min read·
/ca/public-utilities-code/99696A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The people of California hereby find and declare that, inasmuch as the proceeds from the sale of bonds authorized by this part 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 limitation imposed by that article.