Assembly Constitutional Amendment No. 80. Adds Section 15 to Article XVI of Constitution. Directs issuance and sale of $250,000,000 of State bonds for purpose of providing loans and grants to school districts of State. Provides that allocation of funds to school districts shall be subject to regulation by Legislature. Authorizes Legislature to prescribe for issuance and sale, rate of interest, terms of payment, and other conditions of bonds. Makes bond proceeds available for expenses of bond issuance and administration of loans and grants. Declares State policy regarding public school sites and buildings.
Popular Vote Results
Y: 1890779; A: 72.8; N: 706570; B: 27.2
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. XVI, section 15.
Francis Dunn, Jr., Assemblyman, 13th District, Chairman, Assembly Committee on Education
George D. Collins, Jr., Assemblyman, 22d Dist.
SCHOOL BONDS California Proposition 1 (1949).