California Proposition 70, Natural Lands Development and Maintenance Bond Measure (June 1988)
| California Proposition 70 | |
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| Election date |
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| Topic Bond issues and Parks, land, and natural area conservation |
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| Status |
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| Type Bond issue |
Origin |
California Proposition 70 was on the ballot as a bond issue in California on June 7, 1988. It was approved.
A “yes” vote supported allowing for the issuance of bonds up to $776,000,000 for the development and maintenance of natural lands and establishing the terms of such bonds. |
A “no” vote opposed allowing for the issuance of bonds up to $776,000,000 for the development and maintenance of natural lands and establishing the terms of such bonds. |
Election results
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California Proposition 70 |
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| Result | Votes | Percentage | ||
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3,531,629 | 65.15% | ||
| No | 1,889,346 | 34.85% | ||
Text of measure
Ballot title
The ballot title for Proposition 70 was as follows:
| “ | Wildlife, Coastal, And Park Land Conservation Bond Act. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | WILDLIFE, COASTAL, AND PARK LAND CONSERVATION BOND ACT. INITIATIVE STATUTE. This act authorizes a general obligation bond issue of seven hundred seventy-six million dollars ($776,000,000) to provide funds for acquisition, development, rehabilitation, protection, or restoration of park, wildlife, coastal, and natural lands in California including lands supporting unique or endangered plants or animals. Funds from bond sales would be administered primarily by or through California Department of Parks and Recreation, Wildlife Conservation Board. and State Coastal Conservancy with funds made available to other state and local agencies and nonprofit organizations. Contains provisions in event other conservation bond acts are enacted. Summary of Legislative Analyst's estimate or net state and local government fiscal impact: Assuming all the bonds are sold at 7.5 percent interest and state repays the principal and interest over 20 years, the overall cost of repayment would be about $1.4 billion. To the extent these bonds increase amount state borrows, state and local governments may pay more interest on other bond programs. State income taxes could be reduced to the extent California taxpayers invest in these tax-free bonds instead of other taxable investments. | ” |
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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