California Public Resources Code 5096.118 – The proceeds of bonds issued and sold pursuant to this chapter shall …
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The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the State, Urban, and Coastal Park Fund or the State Coastal Conservancy. The money in such depositories may be expended only for the purposes specified in this chapter and only pursuant to appropriation by the Legislature in the manner hereinafter prescribed.
(Added by Stats. 1976, Ch. 259. Approved in Proposition 2 at the November 2, 1976, election.)
Terms Used In California Public Resources Code 5096.118
- 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