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.
Popular Vote Results
Y: 3531629; A: 65.15; N: 1889346; B: 34.85
Planning & Conservation League, Inc. v. Lungren: 38 Cal. App. 4th 497: 45 Cal. Rptr. 2d 183, 1995; Canyons Neighborhood Ass'n v. Monterey Peninsula Regional Park Dist. Bd. of Dirs.: 221 Cal. App. 3d 1033: 270 Cal. Rptr. 885, 1990
Code Sections Affected
Added Cal. Pub. Res. Code sections 5900, et seq., Added Cal. Fish & Game Code section 2700
Alan Cranston, United States Senator; Pete Wilson, United States Senator; Leo McCarthy, Lieutenant Governor
Steve Peace, Member of the Assembly, 80th District Member, Assembly Committee on Water, Parks and Wildlife; Trice Harvey, Member of the Assembly, 33rd District Member, Assembly Committee on Water, Parks and Wildlife; Henry J. Voss, President, California Farm Bureau Federation
Rebuttal Against Author
John K. Van De Kamp, Attorney General of California; Gerald R. Ford, Former President of the United States; Deane Dana, Chairman, Los Angeles County Board of Supervisors
Wildlife, Coastal, And Park Land Conservation Bond Act. California Proposition 70 (1988).