Section 8 of this act shall take effect immediately. The remainder of this act shall take effect on July 1, 1982. Public agencies intending to submit a request for financing authority under this act are authorized to institute the procedures specified in section 5(4) of this act prior to the effective date of this act.
[ 1981 2nd ex.s. c 6 § 11 (Initiative Measure No. 394, approved November 3, 1981).]