EARTHQUAKE RELIEF AND SEISMIC RETROFIT BOND ACT OF 1994. • This act provides for a bond issue of two billion dollars ($2,000,000,000) to provide funds for an earthquake relief and seismic retrofit program. • The bond proceeds are to be used for the Northridge earthquake of January 17, 1994, as follows: 1) $145,000,000 for transportation: 2) $265,000,000 for public infrastructure; 3) $65,000,000 for earthquake hazard mitigation projects of public facilities in specific counties; 4) $950,000,000 for seismic retrofit of state-owned highways and bridges; and 5) $575,000,000 for loans to owners of owner occupied dwellings. • Appropriates money from State General Fund to pay off bonds.
Popular Vote Results
Y: 2067707; A: 45.7; N: 2457475; B: 54.3
Earthquake Relief and Seismic Retrofit Bond Act of 1994. California Proposition 1a (1994).