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Text of Proposed Laws - California

Text of Proposed laws Proposition 2 shall be transferred to the account, and may be transferred to the General Fund pursuant to paragraph (2). This amendment Proposed by Assembly Constitutional (2) All other funds transferred to the account in a fiscal year shall Amendment 1 of the 2013 2014 Second Extraordinary Session not be deposited in the sinking fund subaccount and may, by statute, (Resolution Chapter 1, 2013 2014 Second Extraordinary Session) be transferred to the General Fund. expressly amends the California Constitution by adding sections Third That Section 20 is added to Article XVI thereof, to read: thereto and repealing and adding a section thereof; therefore, SEC. 20. (a) (1) The Budget Stabilization Account is hereby existing provisions Proposed to be deleted are printed in strike out created in the General Fund.

2 64 | Text of Proposed Laws Text of Proposed Laws Proposition 2 This amendment proposed by Assembly Constitutional Amendment 1 of the 2013–2014 Second Extraordinary Session

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Transcription of Text of Proposed Laws - California

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