Art. XIX B, § 1
No borrowing from the Transportation Investment Fund
Limit
Transportation
Art. XIX B · Motor Vehicle Fuel Sales Tax Revenues and Transportation Improvement Funding
Official text rightpowerlimitif conditionlegal term
The Legislature shall not borrow revenues from the Transportation Investment Fund, or its successor, and shall not use these revenues for purposes, or in ways, other than those specifically permitted by this article.
History: Sec. 1 added Nov. 2, 2010, by Prop. 22. Initiative measure.
Simplified explanation
The Legislature may not borrow revenues from the Transportation Investment Fund, or its successor, or use these revenues for purposes or in ways other than those specifically permitted by this article.