California Proposition 8, Bonds for Alternative Energy Sources Amendment (June 1980)
| California Proposition 8 | |
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| Election date |
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| Topic Bond issues and Energy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
California Proposition 8 was on the ballot as a legislatively referred constitutional amendment in California on June 3, 1980. It was approved.
A “yes” vote supported allowing the legislature to authorize bonds for the acquisition, construction, and installation of alternative energy source facilities. |
A “no” vote opposed allowing the legislature to authorize bonds for the acquisition, construction, and installation of alternative energy source facilities. |
Election results
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California Proposition 8 |
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| Result | Votes | Percentage | ||
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2,896,767 | 50.19% | ||
| No | 2,874,309 | 49.81% | ||
Text of measure
Ballot title
The ballot title for Proposition 8 was as follows:
| “ | Alternative Energy Sources Facilities Financing | ” |
Ballot summary
The ballot summary for this measure was:
| “ | ALTERNATIVE ENERGY SOURCES FACILITIES FINANCING. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Authorizes Legislature to provide for the issuance of revenue bonds to finance the acquisition, construction, and installation of alternative energy source facilities and for the lease or sale of such facilities to persons, associations, or corporations, other than municipal corporations. Provides that such revenue bonds shall not be secured by the taxing power of the state. Provides that the Legislature may, by resolution adopted by either house, prohibit or limit any proposed issuance of such bonds. Provides measure does not authorize any public agency to operate industrial or commercial enterprises. Fiscal impact on state or local governments: No direct fiscal effect. If revenue bonds are authorized in future by Legislature, indirect fiscal effects could possibly be increase in state and local bond interest costs, loss of state income tax revenues to the extent the bonds displace private financing, and increases in revenue from increased economic activity. | ” |
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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State of California Sacramento (capital) |
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