California Proposition 14, Housing Agency and Authorities Bond Measure (1948)
| California Proposition 14 | |
|---|---|
 | |
| Election date November 2, 1948 | |
| Topic Housing | |
Status Defeated | |
| Type Bond issue | Origin State Legislature |
California Proposition 14 was on the ballot as a bond issue in California on November 2, 1948. It was defeated.
A “yes” vote supported creating the State Housing Agency, establishing powers and regulations for housing authorities, allowing for the issuance of bonds up to $100,000,000 for funding loans to public housing authorities, and establishing the terms of such bonds, |
A “no” vote opposed creating the State Housing Agency, establishing powers and regulations for housing authorities, allowing for the issuance of bonds up to $100,000,000 for funding loans to public housing authorities, and establishing the terms of such bonds, |
Election results
|
California Proposition 14 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 1,042,089 | 30.52% | ||
|
|
2,372,646 | 69.48% | ||
Text of measure
Ballot title
The ballot title for Proposition 14 was as follows:
| “ | Housing | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Initiative Constitutional Amendment. Adds Article XXVII to Constitution. Creates State housing Agency. Authorizes State to guarantee obligations of, and furnish operating subsidiaries to, public housing authorities, expenditures for such purpose not to exceed $25,000,000 annually. Authorizes State bonds up to $100,000,000 to finance State loans to public housing authorities and private non-profit housing associations; bond principal and interest to be paid from State tax revenues. Prescribes State and local government powers, eminent domain and other powers of housing authority. Regulates taxation of housing authority property. Exempts local housing authority bonds from taxation. | ” |
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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