VETERANS’ BOND ACT OF 2000. • This act provides for a bond issue of five hundred million dollars ($500,000,000) to provide farm and home aid for California veterans. • Appropriates money from state General Fund to pay off bonds, if costs not offset by payments from participating veterans. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • Costs of about $858 million to pay off both the principal ($500 million) and interest (about $358 million) on the bonds; costs paid by participating veterans. • Average payment for principal and interest of about $34 million per year for 25 years.
Legislative Vote Results
Final Votes Cast by the Legislature on AB 2305 (Proposition 32) -- Assembly: Ayes 76 Noes 0 -- Senate: Ayes 36 Noes 0 --
Popular Vote Results
Y: 6743986; A: 67.2; N: 3294310; B: 32.8
Bond Act Act
ASSEMBLYMAN JOHN A. DUTRA, Chair Assembly Committee on Veterans Affairs; SENATOR K. MAURICE JOHANNESSEN, Chair Senate Committee on Veterans Affairs --
MELVIN L. EMERICH, Co-chair Voter Information Alliance; GARY B. WESLEY, Co-chair Voter Information Alliance --
Rebuttal Against Author
HONORABLE GRAY DAVIS, Governor; ASSEMBLYMAN JOHN A. DUTRA, Chair Assembly Committee on Veterans Affairs; SENATOR K. MAURICE JOHANNESSEN, Chair Senate Committee on Veterans Affairs --
PROPOSITION 32 VETERANS' BOND ACT OF 2000. California Proposition 32 (2000).