California Proposition 1, Housing and Mortgage Loans Bond Measure (1976)
| California Proposition 1 | |
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| Election date |
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| Topic Bond issues and Housing |
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| Status |
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| Type Bond issue |
Origin |
California Proposition 1 was on the ballot as a bond issue in California on November 2, 1976. It was defeated.
A “yes” vote supported allowing for the issuance of bonds up to $500,000,000 for low to moderate-income housing construction and mortgage loans and establishing the terms of such bonds. |
A “no” vote opposed allowing for the issuance of bonds up to $500,000,000 for low to moderate-income housing construction and mortgage loans and establishing the terms of such bonds. |
Election results
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California Proposition 1 |
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| Result | Votes | Percentage | ||
| Yes | 3,029,663 | 42.76% | ||
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4,056,117 | 57.24% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | Housing Finance Bond Law of 1975 | ” |
Ballot summary
The ballot summary for this measure was:
| “ | HOUSING FINANCE BOND LAW OF 1975. This Act provides for a bond issue of five hundred million dollars ($500,000,000) to provide funds for financing housing. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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