VETERANS’ HOMES BOND ACT OF 2000. • This fifty million dollar ($50,000,000) bond issue will provide funding to the Department of Veterans Affairs for the purpose of designing and constructing veterans’ homes in California and completing a comprehensive renovation of the Veterans’ Home at Yountville. • Funds from this bond shall be allocated to fund the state’s matching requirement to construct or renovate those veterans’ homes in Military and Veterans Code section 1011 first, and then fund any additional homes established under this Act. • Appropriates money from General Fund to pay off bonds. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • Net state cost of about $33 million over 25 years to pay off $26 million in additional bonds. The average cost would be around $1 million per year.
Legislative Vote Results
Final Votes Cast by the Legislature on SB 630 (Proposition 16) Assembly - Ayes, 76; Noes, 4 -- Senate - Ayes, 32; Noes, 0
Popular Vote Results
Y: 4402818; A: 62.3; N: 2665311; B: 37.7
Bond Act Act
Gray Davis, Governor, State of California; JOHN McCAIN, U.S. Senator, Arizona; Joe Dunn, State Senator, 34th District
GAIL K. LIGHTFOOT, Past Chair, Libertarian Party of California; TED BROWN, Insurance Adjuster/Investigator; LARRY HINES, U. S. Marine Corps Veteran
Rebuttal Against Author
Willy Wilkin, California State Commander of the American Legion; Richard Eubank, California State Commander, Veterans of Foreign Wars; Georges Robin, California Legislative Officer, Military Order of the Purple Heart
Veterans' Homes Bond Act of 2000. California Proposition 16 (2000).