PARK LANDS, HISTORIC SITES, WILDLIFE AND FOREST CONSERVATION BOND ACT. INITIATIVE STATUTE. • Authorizes a bond issue of almost $2 billion ($2,000,000,000) for the acquisition, development, restoration and conservation of park lands, historic sites, wildlife areas and forests throughout California, to be repaid from the state General Fund. • Funds for parks and recreational facilities are included. • Specifies the lands for acquisition, development, or restoration in detail. • Designates state agencies to administer the funds with a portion available for grants to local agencies and non-profit organizations for specifically named projects. Summary of Legislative Analyst's Estimate of State and Local Government Fiscal Impact: • Adoption of this measure would result in state costs of about $3.6 billion to payoff both the principal ($2 billion) and interest ($1.6 billion) on general obligation bonds over 25 years. • Unknown state administrative costs, potentially in the millions of dollars, to carry out the measure's projects and grant programs. • State and local government costs, potentially tens of millions of dollars annually, to operate and maintain properties acquired or improved under the measure. Costs partially offset by revenues.
Popular Vote Results
Y: 1944530; A: 43.3; N: 2548642; B: 56.7
Park Lands, Historic Sites, Wildlife and Forest Conservation Bond Act. California Proposition 180 (1994).