Military and Veterans Code § 998.214

ARTICLE 5v. Veterans’ Bond Act of 1996

Current as of September 28, 2026Mil. & Vet. Code, § 998.214Official source ↗

Added by Stats. 1996, Ch. 161, Sec. 2. Approved in Proposition 206 at the November 5, 1996, election.

The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article 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 Article XIIIB.