California Proposition 150, County Courthouse Facilities Bond Measure (1990)

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California Proposition 150
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Election date
November 6, 1990
Topic
Bond issues
Status
Defeatedd Defeated
Type
Bond issue
Origin
State Legislature

California Proposition 150 was on the ballot as a bond issue in California on November 6, 1990. It was defeated.

A "yes" vote supported authorizing the state to issue $200 million in bonds for the construction and renovation of county courthouse facilities.

A "no" vote opposed authorizing the state to issue $200 million in bonds for the construction and renovation of county courthouse facilities.


Election results

California Proposition 150

Result Votes Percentage
Yes 1,830,612 26.41%

Defeated No

5,100,520 73.59%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 150 was as follows:

County Courthouse Facility Capital Expenditure Bond Act of 1990

Ballot summary

The ballot summary for this measure was:

  • This act provides for a bond issue of two hundred million dollars ($200,000,000) to provide funds for the construction, reconstruction, remodeling, replacement, and deferred maintenance of county courthouse facilities.

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:[1]

  • Direct Cost of Paying Off the Bonds. For these types of bonds, the state typically would make principal and interest payments from the state's General Fund over a period of about 20 years. If all of the bonds authorized by this measure are sold at an interest of 7.5 percent, the cost would be about $355 million to pay off the principal ($200 million) and interest ($155 million). The average payment would be about $15 million per year.[2]

Path to the ballot

See also: Signature requirements for ballot measures in California

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

  1. University of California, "Voter Guide," accessed July 28, 2021
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.