California Proposition 105, Disclosure Requirements to Consumers, Voters, and Investors Initiative (1988)
| California Proposition 105 | |
|---|---|
 | |
| Election date November 8, 1988 | |
| Topic Business regulation and Campaign finance | |
Status Approved | |
| Type State statute | Origin Citizens |
California Proposition 105 was on the ballot as an initiated state statute in California on November 8, 1988. It was approved.
A "yes" vote supported enacting disclosure requirements for the following:
|
A "no" vote opposed the initiative to enact disclosure requirements for consumers, voters, and investors. |
Election results
|
California Proposition 105 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
4,864,674 | 54.59% | ||
| No | 4,046,654 | 45.41% | ||
Text of measure
Ballot title
The ballot title for Proposition 105 was as follows:
| “ | Disclosures to Consumers, Voters, Investors. Initiative Statute. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Measure requires, as specified, the following disclosures: (1) advertisers' warnings regarding disposal of toxic household products with exceptions; (2) notices regarding coverage limits and insurance offeror's identity on insurance policies to supplement Medicare; (3) disclosures in nursing home contracts and advertisements regarding access to State Ombudsman and facility violation information; (4) disclosures by initiative and referendum campaign committees as to contributors; and (5) disclosures by corporations selling stocks in state whether or not they are doing business in South Africa or with any person or group located there. | ” |
Full Text
The full text of this measure is available here.
Fiscal impact
The fiscal estimate provided by the California Legislative Analyst's Office said, "The adoption of this measure would result in costs to various state agencies to operate toll-free telephone lines, develop regulations, and keep records. The net annual costs could be up to $550,000 when the measure is fully implemented. These costs would be partially offset by unknown revenues from fines charged to people or companies who violate the disclosure requirements."[1]
Path to the ballot
In California, the number of signatures required for an initiated state statute is equal to 5 percent of the votes cast at the preceding gubernatorial election. For initiated statutes filed in 1988, at least 372,178 valid signatures were required.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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