Section 19980 Of Article 3. Fiscal Provisions From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 11. >> Article 3.

. 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 XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.