Military and Veterans Code § 998.614

ARTICLE 5z. The Veterans and Affordable Housing Bond Act of 2018

Current as of September 28, 2026Mil. & Vet. Code, § 998.614Official source ↗

Added by Stats. 2017, Ch. 365, Sec. 4. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.

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.