The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the state, in the aggregate principal amount of four hundred forty-nine million three hundred ninety-five thousand dollars ($449,395,000), excluding refunding bonds, 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 7426.
(Amended by Stats. 2026, Ch. 255, Sec. 17. (AB 184) Effective September 18, 2026.)