Section 19266 Of Article 5. Voting Modernization Bond Act Of 2002 (shelley-hertzberg Act) From California Elections Code >> Division 19. >> Chapter 3. >> Article 5.

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