Statute · California Public Resources Code
Cal. Pub. Res. Code § 37042 — Bond Funds
Cal. Pub. Res. Code § 37042
- Type
- Statute
- Source
- California Public Resources Code
- Jurisdiction
- California
- Date
- 2005-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The Legislature finds and declares that the expenditure of bond funds pursuant to this chapter does not constitute the use of bond proceeds or other indebtedness to pay a year-end state budget deficit, as prohibited by subdivision (c) of Section 1.3 of Article XVI of the California Constitution.
Citator
Cal. Pub. Res. Code § 37042 — Bond Funds is in force in the current edition of the Code, and nothing recorded condemns it.
The Legislature finds and declares that the expenditure of bond funds pursuant to this chapter does not constitute the use of bond proceeds or other indebtedness to pay a year-end state budget deficit, as prohibited by subdivision (c) of Section 1.3 of Article XVI of the California Constitution.