California Proposition 19, State Indebtedness Amendment (1934)
| California Proposition 19 | |
|---|---|
 | |
| Election date November 6, 1934 | |
| Topic State and local government budgets, spending, and finance | |
Status Defeated | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 19 was on the ballot as a legislatively referred constitutional amendment in California on November 6, 1934. It was defeated.
A “yes” vote supported prohibiting the state from becoming indebted over $300,000 unless authorized by a majority vote of electors. |
A “no” vote opposed prohibiting the state from becoming indebted over $300,000 unless authorized by a majority vote of electors. |
Election results
|
California Proposition 19 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 490,845 | 36.13% | ||
|
|
867,686 | 63.87% | ||
Text of measure
Ballot title
The ballot title for Proposition 19 was as follows:
| “ | State Indebtedness | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Assembly Constitutional Amendment 33. Amends Constitution Article XVI section 1. Prohibits Legislature creating State indebtedness over three hundred thousand dollars unless authorized by majority vote of people and unless providing for its retirement within forty years; requires bonds issued mature serially, first maturity being three years from issuance, but permits first maturity of bonds for revenue-producing utilities in fifteen years. Declares section shall not limit or prohibit issuance of bunds authorized but not sold, or to refund outstanding bonded indebtedness, or seventy-year bonds for acquisition, development or distribution of waters and water resources, including electric energy. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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