The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of five hundred million dollars ($500,000,000), in the manner provided in this chapter. That debt or debts, liability or liabilities, shall be created for the purpose of providing the fund to be used for the object and work specified in Section 7306.
(Added by Stats. 1986, Ch. 409, Sec. 1. Approved in Proposition 54 at the November 4, 1986, election.)