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California Proposition 32, Cal-Vet Veterans' Homes Program Bond Measure (2000)

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California Proposition 32
Flag of California.png
Election date
November 7, 2000
Topic
Bond issues
Status
Approveda Approved
Type
Bond issue
Origin
State Legislature

California Proposition 32 was on the ballot as a bond issue in California on November 7, 2000. It was approved.

A "yes" vote supported the state issuing $500 million in general obligation bonds for the Cal-Vet veterans' housing program.

A "no" vote opposed the state issuing $500 million in general obligation bonds for the Cal-Vet veterans' housing program.


Election results

California Proposition 32

Result Votes Percentage

Approved Yes

6,743,986 67.18%
No 3,294,310 32.82%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 32 was as follows:

Veterans' Bond Act of 2000.

Ballot summary

The ballot summary for this measure was:

  • This act provides for a bond issue of five hundred million dollars ($500,000,000) to provide farm and home aid for California veterans.
  • Appropriates money from state General Fund to pay off bonds, if costs not offset by payments from participating veterans.

Full Text

The full text of this measure is available here.


Fiscal impact statement

The fiscal impact statement was as follows:[1]

  • Costs of about $858 million to pay off both the principal ($500 million) and interest (about $358 million) on the bonds; costs paid by participating veterans.
  • Average payment for principal and interest of about $34 million per year for 25 years.

[2]

Path to the ballot

Proposition 32 was voted onto the ballot by the California State Legislature via Assembly Bill 2305 (Statutes of 2000, Ch. 51).

Votes in legislature to refer to ballot
Chamber Ayes Noes
Assembly 76 0
Senate 36 0

See also


External links

Footnotes

  1. University of California, "Voter Guide," accessed May 6, 2021
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.