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such revenues in an election held throughout the county or counties, or a specified area of a <br /> county or counties, within which the revenues are to be expended. The Legislature may <br /> authorize the revenues approved for allocation or expenditure under this section to be pledged <br /> or used for the payment of principal and interest on voter approved bonds issued for the <br /> purposes specified in subdivision (b) of Section 4 2. <br /> SEC. 5. SEC. 6. (al T e cgislat••-^ uthori :c U4 p to 25 percent of the revenues <br /> availablearr-expenditureby-ariy-sity-or--c-ethatyr by the State, allocated to the State pursuant <br /> to Section 4 for the purposes specified in subdivision (a) of Section 4 2 of this article may be <br /> pledged or used by the State, upon approval by the voters and appropriation by the Legislature, <br /> for the payment of principal and interest on voter approved bonds for such purposes issued lay <br /> the State on and after November 2, 2010 for -such pur- pesee. <br /> (b) Up to 25 percent of the revenues allocated to any city or county pursuant to <br /> Section 4 for the purposes specified in subdivision (a) of Section 2 of this article may be pledged <br /> or used only by any city or county for the payment of principal and interest on voter approved <br /> bonds issued by that city or county for such purposes. <br /> th s bs cnt fiscal y <br /> projected by the Governor in a report to the Legislature in May of the current fiscal year, is Tess <br /> 8 <br />