SAFE DRINKING WATER, CLEAN WATER, WATERSHED PROTECTION, AND FLOOD PROTECTION BOND ACT. • This act provides for a bond issue of one billion nine hundred seventy million dollars ($1,970,000,000) to provide funds for a safe drinking water, water quality, flood protection, and water reliability program. • Appropriates money from the General Fund to pay off bonds. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • State cost of up to $3.4 billion over 25 years to pay off both the principal ($1.97 billion) and interest ($1.4 billion) costs on the bonds. Payments of about $135 million per year. • Potential costs of an unknown amount to local governments to operate or maintain projects developed with these bond funds.
Legislative Vote Results
Final Votes Cast by the Legislature on AB 1584 (Proposition 13) Assembly - Ayes, 68; Noes, 11 -- Senate - Ayes, 30; Noes, 6
Popular Vote Results
Y: 4745872; A: 64.8; N: 2547456; B: 35.2
Bond Act Act
Governor Gray Davis; Allan Zaremberg, President, California Chamber of Commerce; Leslie Friedman Johnson, Water Program Director, The Nature Conservancy
GAIL K. LIGHTFOOT, Past Chair, Libertarian Party of California; THOMAS TRYON, Calaveras County Supervisor; TED BROWN, Insurance Adjuster/Investigator
Rebuttal Against Author
LARRY McCARTHY, President, California Taxpayers' Association; Jim Costa, Chairman, Senate Agriculture and Water Resources Committee; Michael J. Machado, Chairman, Assembly Water, Parks and Wildlife Committee
Safe Drinking Water, Clean Water, Watershed Protection, and Flood Protection Bond Act. California Proposition 13 (2000).