Title

Authorizes Bonds to Fund Projects for Drinking Water and Water Quality Improvements, to Reduce Environmental Vulnerability to Climate Change, and For State and Local Parks. Initiative Statute.

Attorney General No.

17-0007

Secretary of State No.

1803

Description

Authorizes $7.99 billion in state general obligation bonds for various infrastructure projects in the following general categories: $3.99 billion for safe drinking water and water quality improvements, $2.20 billion to reduce environmental vulnerability to climate change, and $1.8 billion for state and local park improvements. Appropriates money from the General Fund to pay off bonds. Requires certain projects to provide matching funds from non-state sources and gives priority to disadvantaged communities. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: State costs of $15.6 billion to pay off principal ($8 billion

Proponents

Joseph Caves c/o Lance Olson (916) 442 2952 or lance@olsonhagel.com

Date

9-6-2017

Document Type

Article

Qualified

Failed to Qualify

Recommended Citation

Authorizes Bonds to Fund Projects for Drinking Water and Water Quality Improvements, to Reduce Environmental Vulnerability to Climate Change, and For State and Local Parks. Initiative Statute. California Initiative 1803 (2017).
https://repository.uclawsf.edu/ca_ballot_inits/2080