California Proposition 181, Transportation and Rail Project Bond Measure (1994)

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California Proposition 181
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Election date
November 8, 1994
Topic
Bond issues and Transportation
Status
Defeatedd Defeated
Type
Bond issue		Origin
State Legislature

California Proposition 181 was on the ballot as a bond issue in California on November 8, 1994. It was defeated.

A "yes" vote supported authorizing the state to issue $1 million in bonds for rail transportation projects (intercity rail, commuter rail, and urban rail transit) with a repayment cost of the principal balance ($1 billion) and $630 million in interest over 20 years.

A "no" vote opposed authorizing the state to issue $1 million in bonds for rail transportation projects.


Election results

California Proposition 188

Result Votes Percentage
Yes 2,490,156 29.31%

Defeated No

6,004,876 70.69%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 181 was as follows:

“

Passenger Rail and Clean Bond Act of 1994.

”

Ballot summary

The ballot summary for this measure was:

“

•This act provides for a bond issue of one billion dollars ($1,000,000,000) to provide funds for acquisition of rights-of-way, capital expenditures, and acquisitions of rolling stock for intercity rail, commuter rail, and rail transit programs.

•Authorizes third of three bond issues of one billion dollars ($1,000,000,000) each, provided for by Statutes of 1989, Chapter 108, to finance total of three billion dollars ($3,000,000,000) for the long-range transportation plan. Voters approved the first issue in 1990, rejected the second issue in 1992.

•Appropriates money from state General Fund to pay off bonds.		”

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

1994 Measures

California

News and analysis


External links

Footnotes

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