Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2012
California Constitutional Provisions
Article XIII B Constitution Government Spending Limitation
Sec. 7. Bonded indebtedness. Nothing in this Article shall be construed to impair the ability of the state or of any local government to meet its obligations with respect to existing or future bonded indebtedness.
Construction.—A redevelopment agency's tax allocation bonds constitute "bonded indebtedness" exempt under this section from the strictures of this article. Bell Community Redevelopment Agency v. Woosley, 169 Cal.App.3d 24.