Attorney General No.
SA87RF0004
Secretary of State No.
393
Description
WILDLIFE, COASTAL, AND PARK LAND CONSERVATION BOND ACT. INITIATIVE STATUTE. This act authorizes a general obligation bond issue of seven hundred seventy-six million dollars ($776,000,000) to provide funds for acquisition, development, rehabilitation, protection, or restoration of park, wildlife, coastal, and natural lands in California including lands supporting unique or endangered plants or animals. Funds from bond sales would be administered primarily by or through California Department of Parks and Recreation, Wildlife Conservation Board, and State Coastal Conservancy with funds made available to other state and local agencies and nonprofit organizations. Contains provisions in event other conservation bond acts are enacted. Summary of estimate of Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Depending upon amount of bonds actually sold, the State would incur interest costs totalling from $324 million to $570 million over the term of the bonds. There would be unknown additional costs to operate facilities and manage lands resulting from bond proceeds. Other marginal costs will result.
Proponents
Gerald H. Meral, 2240 Markham Way, Sacramento, CA 95818; Dan Taylor, 3371 Irish Mist Way, Sacramento, CA 95826; J. William Yeates, 639 Lobos, Pacific Grove, CA 93940; Dan Chapin, 820 La Goleta Way, Sacramento, CA 95864; Paula Carrell, 2823 Riverside Blvd., Sacramento, CA 95818; Richard Spotts, 5604 Rosedale Way, Sacramento, CA 95822; Evelyn Friend, 5216 Fernwood Way, Sacramento, CA 95841; Pete Dangermond, 2360 Land Park Drive, Sacramento, CA 95818
Date
6-22-1987
Document Type
Initiative
Qualified
Qualified
Recommended Citation
Wildlife, Coastal, And Park Land Conservation Bond Act California Initiative 393 (1987).
https://repository.uclawsf.edu/ca_ballot_inits/558