California Const. art. XIII B, § 5

California Constitution

Article XIII B, § 5

This text of California Const. art. XIII B, § 5 is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionCalifornia DocumentConstitution

ArticleXIII B

Section§ 5

CitationCalifornia Const. art. XIII B, § 5

Bluebook

Cal. Const. art. XIII B, § 5.

Full Text

Each entity of government may establish such contingency, emergency, unemployment, reserve, retirement, sinking fund, trust, or similar funds as it shall deem reasonable and proper. Contributions to any such fund, to the extent that such contributions are derived from the proceeds of taxes, shall for purposes of this Article constitute appropriations subject to limitation in the year of contribution. Neither withdrawals from any such fund, nor expenditures of (or authorizations to expend) such withdrawals, nor transfers between or among such funds, shall for purposes of this Article constitute appropriations subject to limitation.

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Each entity of government may establish such contingency, emergency, unemployment, reserve, retirement, sinking fund, trust, or similar funds as it shall deem reasonable and proper. Contributions to any such fund, to the extent that such contributions are derived from the proceeds of taxes, shall for purposes of this Article constitute appropriations subject to limitation in the year of contribution. Neither withdrawals from any such fund, nor expenditures of (or authorizations to expend) such withdrawals, nor transfers between or among such funds, shall for purposes of this Article constitute appropriations subject to limitation.

History

Sec. 5 added Nov. 6, 1979, by Prop. 4. Initiative measure.

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California Const. art. XIII B, § 5, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ca/XIII B/5.