California Proposition 5, Mortgage Loans Bond Measure (1982)
| California Proposition 5 | |
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| Election date |
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| Topic Bond issues and Housing |
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| Status |
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| Type Bond issue |
Origin |
California Proposition 5 was on the ballot as a bond issue in California on November 2, 1982. It was approved.
A “yes” vote supported allowing for the issuance of bonds up to $200,000,000 for housing mortgage loans as part of the Cal-First Home Buyers Act and establishing the terms of such bonds. |
A “no” vote opposed allowing for the issuance of bonds up to $200,000,000 for housing mortgage loans as part of the Cal-First Home Buyers Act and establishing the terms of such bonds. |
Election results
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California Proposition 5 |
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| Result | Votes | Percentage | ||
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3,875,064 | 53.83% | ||
| No | 3,323,877 | 46.17% | ||
Text of measure
Ballot title
The ballot title for Proposition 5 was as follows:
| “ | First-Time Home Buyers Bond Act of 1982 | ” |
Ballot summary
The ballot summary for this measure was:
| “ | FIRST-TIME HOME BUYERS BOND ACT OF 1982. This act provides for a bond issue of two hundred million dollars ($200,000,000) to provide funds for financing housing. | ” |
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
External links
Footnotes
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State of California Sacramento (capital) |
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