Art. XXXV, § 6
Bond funding for the institute
Power
Taxes, Money & Commerce
Art. XXXV · Medical Research
Official text rightpowerlimitif conditionlegal term
Notwithstanding any other provision of this Constitution or any law, the institute, which is established in state government, may utilize state issued tax-exempt and taxable bonds to fund its operations, medical and scientific research, including therapy development through clinical trials, and facilities.
History: Sec. 6 added Nov. 2, 2004, by Prop. 71. Initiative measure.
Simplified explanation
Notwithstanding any other provision of the Constitution or any law, the institute, established in state government, may use state issued tax-exempt and taxable bonds to fund its operations, research and facilities.