Attorney General No.
Secretary of State No.
PARK LANDS, HISTORIC SITES, WILDLIFE AND FOREST CONSERVATION. BONDS. INITIATIVE STATUTE. Authorizes general obligation bonds of almost $2 billion, to be repaid from the General Fund, for acquisition, development, rehabilitation, restoration and conservation of park lands, historic sites, wildlife areas and forests throughout California. Includes funds for parks and recreational facilities throughout the State. Specifies in detail the lands for acquisition, development, or restoration. Directs certain state agencies to administer specific funds with a portion available for grants to local agencies and non-profit organizations for specifically named projects. Summary of estimate by Legislative Analyst and Director of Finance official impact on state and local governments: Would result in state costs of about $3.5 billion in principal and interest payments over about 20 years, if bonds are sold at 7 percent; other unknown, significant costs, possibly in the millions of dollars annually, to operate facilities and manage lands acquired and as a result of the bond program.
Gerald H. Meral, Ph.D. Executive Director Planning And Conservation League, 926 "J" Street, Suite 612, Sacramento, Ca 95814 (916) 444-8726
Park Lands, Historic Sites, Wildlife And Forest Conservation. Bonds. California Initiative 593 (1993).