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.
(Added by Stats. 2004, Ch. 715, Sec. 2. Effective January 1, 2005.)
Last modified: October 25, 2018