{"code":"PUC","codeName":"Public Utilities Code","section":"99696","citation":"Pub. Util. Code, § 99696","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 11.5. CLEAN AIR AND TRANSPORTATION IMPROVEMENT ACT OF 1990 [99600. - 99696.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11.5"},{"name":"CHAPTER 6. Bonds [99690. - 99696.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11.5/chapter-6"}],"history":"Added June 5, 1990, by initiative Proposition 116.","effective":null,"html":"<p>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 XIIIB of the California Constitution, the disbursement of these proceeds is not subject to the limitation imposed by that article.</p>","text":"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 XIIIB of the California Constitution, the disbursement of these proceeds is not subject to the limitation imposed by that article.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/bonds-99696","source":"California Legislative Information bulk export (pubinfo)"}