California Proposition 45, Use of Credit Unions for State Deposits Amendment (June 1986)
| California Proposition 45 | |
|---|---|
 | |
| Election date June 3, 1986 | |
| Topic State and local government budgets, spending and finance | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 45 was on the ballot as a legislatively referred constitutional amendment in California on June 3, 1986. It was approved.
A "yes" vote supported amending the state constitution to authorize the state to deposit public money in credit unions. |
A "no" vote opposed amending the state constitution to authorize the state to deposit public money in credit unions. |
Election results
|
California Proposition 45 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
2,796,049 | 65.81% | ||
| No | 1,452,804 | 34.19% | ||
Text of measure
Ballot title
The ballot title for Proposition 45 was as follows:
| “ | Deposit of Public Moneys In Credit Unions. Legislative Constitutional Amendment. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | The California Constitution currently provides that Legislature may provide for the deposit of public moneys in any bank or savings and loan association in this state. This measure authorizes the Legislature to also provide for the deposit of public moneys in any credit union in this state. | ” |
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]
| “ | By itself, this measure has no direct fiscal effect. The legislation already approved to implement this measure could result in greater interest income to the state and local governments by increasing competition for the deposit of public moneys.[2] | ” |
Path to the ballot
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
- ↑ University of California, "Voter Guide," accessed August 18, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
 |
State of California Sacramento (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
