California Proposition 124, Rules Governing Stock Ownership of Local Hospital Districts (1990)

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California Proposition 124 was on the November 6, 1990 ballot in California as a legislatively-referred constitutional amendment, where it was defeated.

Proposition 124 would have allowed the California State Legislature to authorize local hospital districts to acquire and own corporate stock in healthcare-related corporations.

Election results

Proposition 124
ResultVotesPercentage
Defeatedd No3,815,03054.16%
Yes 3,225,340 45.84%

Ballot summary

The ballot summary said:

  • "This measure would permit the Legislature, by statute, to authorize local hospital districts to acquire and own stock of corporations engaging in any health care related business, as defined by the Legislature."
  • "Provides that the district shall be subject to the same obligations and liabilities imposed by law upon all other stockholders in those corporations."
  • "Provides that the amendments do not repeal or otherwise affect an existing statute denying professional rights, privileges, and powers to corporations and other artificial legal entities."

Constitutional changes

Fiscal impact

The fiscal estimate provided by the California Legislative Analyst's Office said:

"This measure has no direct fiscal effect."

Path to the ballot

The California State Legislature voted to put Proposition 124 on the ballot with Assembly Constitutional Amendment 29 (Statutes of 1990, Resolution Chapter 6).

External links