California CodesCalifornia Constitution - CONSArticle XVI — Public FinanceSection 14.5
The Legislature may provide for the issuance of revenue bonds to finance the acquisition, construction, and installation of facilities utilizing cogeneration technology, solar power, biomass, or any other alternative source the Legislature may deem appropriate, including the acquisition of all technological facilities necessary or convenient for the use of alternative sources, and for the lease or sale of such facilities to persons, associations, or corporations, other than municipal corporations; provided, that such revenue bonds shall not be secured by the taxing power of the State; and provided, further, that the Legislature may, by resolution adopted by both houses, prohibit or limit any proposed issuance of such revenue bonds. No provision of this Constitution, including, but not limited to, Sections 1, 2, and 6, of this article, shall be construed as a limitation upon the authority granted to the Legislature pursuant to this section. Nothing contained herein shall authorize any public agency to operate any industrial or commercial enterprise.
Notes
Allows revenue bonds to finance alternative-energy facilities using cogeneration, solar, biomass, or other legislatively approved sources and permits lease or sale to nonmunicipal entities. Prohibits state-taxing-power security, allows both houses by resolution to limit or block an issuance, and bars public agencies from operating industrial or commercial enterprises under this authority.
Use as reference
Lexinter.net | Cal. Const. art. XVI, § 14.5 | https://laws.lexinter.net/constitution/california/article-xvi/section-14-5