Section 53532 Of Chapter 3. Fiscal Provisions From California Health And Safety Code >> Division 31. >> Part 11. >> Chapter 3.

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