California Constitution Article XIX § 6 – (a) Up to 25 percent of the revenues allocated to the State pursuant …
Terms Used In California Constitution Article XIX § 6 - (a) Up to 25 percent of the revenues allocated to the State pursuant ...
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
(a) Up to 25 percent of the revenues allocated to the State pursuant to Section 4 for the purposes specified in subdivision (a) of Section 2 of this article may be pledged or used by the State, upon approval by the voters and appropriation by the Legislature, for the payment of principal and interest on voter-approved bonds for such purposes issued by the State on and after November 2, 2010.
(b) Up to 25 percent of the revenues allocated to any city or county pursuant to Section 4 for the purposes specified in subdivision (a) of Section 2 of this article may be pledged or used only by any city or county for the payment of principal and interest on voter-approved bonds issued by that city or county for such purposes.
(Sec. 6 renumbered from Sec. 5 on Nov. 2, 2010, by Prop. 22. Initiative measure.)