Section 12879.17 Of Article 3. Fiscal Provisions From California Water Code >> Division 6. >> Part 6. >> Chapter 4.7. >> Article 3.
12879.17
. 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.