Proposition Summary

Assembly Constitutional Amendment No.4. Authorizes issue and sale of four hundred million dollars ($400,000,000) in state bonds to provide funds to be used by State Department of Veterans Affairs in accordance with Veterans Farm and Home Purchase Act of 1943 in assisting California war veterans to acquire farms and homes. Brings into operation and validates Veterans Bond Act of 1960 governing issue, sale and redemption of such bonds.

Proposition Number

1

Year

1960

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 2254410; A: 64.9; N: 1217808; B: 35.1

Election Type

Primary

Proposition Type

Assembly Constitutional Amendment

Code Sections Affected

Added Cal. Const. art. XVI, section 21

For Author

Myron H. Frew , Assemblyman for 35th District; Nelson S. Dilworth, Senator for Riverside County; Fred S. Farr, Senator for Monterey County; Paul Sheedy, Executive Vice President

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