Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

California Constitutional Provisions

Article XIII B Constitution Government Spending Limitation

Section 5.5

Sec. 5.5. Prudent state reserve. The Legislature shall establish a prudent state reserve fund in such an amount as it shall deem reasonable and necessary. Contributions to, and withdrawals from, the fund shall be subject to the provisions of Section 5 of this Article.

History.—New section added by amendment adopted November 8, 1988.