Senate Constitutional Amendment 24. Amends Constitution, Article IV, section 31. Limits power of city treasurer to make temporary transfer of funds necessary to meet obligations of city or city and county incurred for maintenance by authorizing such transfer only from funds in his custody other than those designated for payment of principal and interest on indebtedness incurred by or on behalf of any municipally owned or operated public utility.
Popular Vote Results
Y: 709385; A: 37.9; N: 1153446; B: 62.1
Senate Constitutional Amendment
Roy J. Nielsen, Senator, Nineteenth District, Sacramento County.
TRANSFER OF FUNDS BY CITY TREASURER California Proposition 15 (1940).