The California Clean Water, Clean Air, Safe Neighborhood Parks, and Coastal Protection Act of 2002. • This act provides for a bond issue of two billion six hundred million dollars ($2,600,000,000) to provide funds to: protect rivers, lakes, and streams to improve water quality and ensure clean drinking water; protect beaches and coastal areas threatened by pollution; improve air quality; preserve open space and farmland threatened by unplanned development; protect wildlife habitat; restore historical and cultural resources; repair and improve safety of state and neighborhood parks. • Subject to annual independent audit. • Appropriates money from state General Fund to pay off bonds. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • State cost of about $4.3 billion over 25 years to pay off both the principal ($2.6 billion) and interest ($1.7 billion) costs on the bonds. Payments of about $172 million per year. • Costs potentially in the tens of millions of dollars annually to state and local governments to operate or maintain property bought or improved with these bond funds.
Legislative Vote Results
Final Votes Cast by the Legislature on AB 1602 (Proposition 40) -- Assembly: Ayes 60 Noes 8 -- Senate: Ayes 29 Noes 4 --
Popular Vote Results
Y: 2776345; A: 56.9; N: 2108512; B: 43.1
Bond Act Act
DAN TAYLOR, Executive Director Audubon California; HANK LOCAYO, President Congress of California Seniors; BARBARA INATSUGU, President League of Women Voters of California --
SENATOR RAY HAYNES, Chair California State Senate Constitutional Amendments Committee; ASSEMBLYMAN DICK DICKERSON, Vice-Chair California State Assembly Committee on Water, Parks and Wildlife; JON COUPAL, President Howard Jarvis Taxpayers Association --
Rebuttal Against Author
TOM PORTER, California State Director AARP; RUSSELL J. "RUSTY" HAMMER, President Los Angeles Area Chamber of Commerce; MONTY HOLDEN, Executive Director California Organization of Police and Sheriffs --
The California Clean Water, Clean Air, Safe Neighborhood Parks, and Coastal Protection Act of 2002. California Proposition 40 (2002).