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2025 California Code
Military and Veterans Code - MVC
DIVISION 5 - VETERANS' INSTITUTIONS
CHAPTER 2 - Veterans’ Homes Bond Act of 000
ARTICLE 3 - Fiscal Provisions
Section 1117.
Universal Citation:
CA Mil & Vet Code § 1117 (2025)
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1117. 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.
(Added by Stats. 1999, Ch. 728, Sec. 2. Approved in Proposition 16 at the March 7, 2000, election.)
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