Military and Veterans Code § 1117

ARTICLE 3. Fiscal Provisions

Current as of September 28, 2026Mil. & Vet. Code, § 1117Official source ↗

Added by Stats. 1999, Ch. 728, Sec. 2. Approved in Proposition 16 at the March 7, 2000, election.

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.