Sections
27 entriesSection 1Limits state debt to $300,000 unless incurred for war or a single specified work authorized by two-thirds of each house and majority…Section 1.3Defines a voter-authorized March 2, 2004 accumulated budget deficit as a single object permitting debt above $300,000. After related bonds issue, bars…Section 1.5Allows the Legislature to create a General Obligation Bond Proceeds Fund, deposit or transfer State bond proceeds and accrued interest into it,…Section 2Prohibits submitting or giving effect to constitutional amendments authorizing State bond issuance and requires future bond measures to take the form of…Section 3Prohibits state appropriations, treasury withdrawals, property grants, or donations benefiting institutions outside exclusive state control. Exempts specified hospital construction and uniform aid…Section 3.5Requires voter approval for amendments to the Medi-Cal Hospital Reimbursement Improvement Act, except two-thirds legislation furthering its purposes through federal-approval or payment-methodology…Section 4Allows the Legislature to insure or guarantee public or private loans to nonprofit corporations and public agencies for constructing, expanding, improving, renovating,…Section 5Prohibits the Legislature and local public entities from appropriating or paying public funds, granting aid, or donating real or personal property to…Section 6Prohibits public gifts, credit lending, liability pledges, and corporate stock ownership. Exempts specified public aid, irrigation-district holdings, interagency insurance pools, veterans’ assistance,…Section 7Requires money to be drawn from the State Treasury only when a law has made an appropriation and the Controller has issued…Section 8Requires state revenues first to support public schools and higher education and guarantees school and community-college funding under the greatest applicable formula…Section 8.5Requires the Controller to transfer specified excess revenues to school and community-college funds in proportion to enrollment and allocate equal per-enrollment amounts…Section 9Limits money collected under state laws protecting or propagating fish and game to activities related to those purposes. Funds raised under such…Section 10Allows California to cooperate, as provided by law, with federal pensions or other aid for older persons. Exempts local-government money made available…Section 11Allows the Legislature broad authority to administer relief laws and modify, transfer, or enlarge responsible state-agency powers. Allows the Legislature or voters…Section 13Allows the Legislature to release, rescind, cancel, or otherwise nullify all or part of any property encumbrance, personal obligation, or other security…Section 14Allows revenue bonds to finance pollution-control facilities and their lease or sale to nonmunicipal persons or entities, but prohibits securing the bonds…Section 14.5Allows revenue bonds to finance alternative-energy facilities using cogeneration, solar, biomass, or other legislatively approved sources and permits lease or sale to…Section 15Allows a public body issuing securities for public parking facilities, and any public body whose territory includes those facilities, to pledge street-parking-meter…Section 16Requires taxable redevelopment-project property to be taxed by value, excluding publicly owned tax-exempt property. Allows plans to allocate the preproject tax base…Section 17Prohibits state credit lending and corporate stock interests, except public holdings in mutual water companies for governmental water supplies. Grants public retirement…Section 18Limits local public debt above annual income and revenue to obligations approved by two-thirds of voters, backed by annual taxes, and maturing…Section 19Requires chartered cities and counties using special assessments for public improvements or acquisitions to follow laws on cost limits, valuation, excess costs,…Section 20Establishes the Budget Stabilization Account and requires an October 1 transfer equal to 1.5 percent of estimated General Fund revenue beginning in…Section 21Establishes the Public School System Stabilization Account and requires October 1 transfers based on specified school-funding amounts and capital-gains calculations. Requires distributions…Section 22Allows the Legislature, after a gubernatorial budget-emergency proclamation, to suspend or reduce annual reserve transfers, return Budget Stabilization Account money to the…Section 23Exempts the tax and all revenue, including investment interest, from the California Healthcare, Research and Prevention Tobacco Tax Act of 2016 from…