An appropriation for a “qualified capital outlay project,” as used in subdivision (d) of Section 9 of Article XIII B of the California Constitution , means an appropriation for a fixed asset (including land and construction) with a useful life of 10 or more years and a value which equals or exceeds one hundred thousand dollars ($100,000).
Cite this article: FindLaw.com - California Code, Government Code - GOV § 7914 - last updated January 01, 2019 | https://codes.findlaw.com/ca/government-code/gov-sect-7914.html
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