California Proposition 180, Bonds to Acquire Park Lands (1994)
Proposition 180 would have authorized an approximately $2 billion bond issue for the acquisition and development of parks, historic sites and recreational facilities. The bond would have been re-paid from the state's general fund.
The ballot title read:
- PARK LANDS, HISTORIC SITES, WILDLIFE AND FOREST. CONSERVATION BOND ACT. INITIATIVE STATUTE.
The ballot summary was:
- Authorizes a bond issue of almost $2 billion ($2,000,000,000) for the acquisition, development, restoration and conservation of park lands, historic sites, wildlife areas and forests throughout California, to be repaid from the state General Fund.
- Funds for parks and recreational facilities are included.
- Specifies the lands for acquisition, development, or restoration in detail.
- Designates state agencies to administer the funds with a portion available for grants to local agencies and non-profit organizations for specifically named projects.
The fiscal estimate provided by the California Legislative Analyst's Office said:
- Adoption of this measure would result in state costs of about $3.6 billion to pay off both the principal ($2 billion) and interest ($1.6 billion) on general obligation bonds over 25 years.
- Unknown state administrative costs, potentially in the millions of dollars, to carry out the measure's projects and grant programs.
- State and local government costs, potentially tens of millions of dollars annually, to operate and maintain properties acquired or improved under the measure. Costs partially offset by revenues
- June 7, 1994 Voter Guide
- Statement of vote, California June 7, 1994 statewide elections
- Los Angeles Law Library, 1994 ballot propositions
- Hastings I&R database