DISASTER PREPAREDNESS AND FLOOD PREVENTION BOND ACT OF 2006. This act rebuilds and repairs California's most vulnerable flood control structures to protect homes and prevent loss of life from flood-related disasters, including levee failures, flash floods, and mudslides. Protects California's drinking water supply system by rebuilding delta levees that are vulnerable to earthquakes and storms. Authorizes a $4.09 billion dollar bond act. 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 about $8 billion over 30 years to pay off both the principal ($4.1 billion) and interest ($3.9 billion) costs on the bonds. Payments of about $266 million per year. Reduction in local property tax revenues of potentially up to several million dollars annually. Additional unknown state and local government costs to operate or maintain properties or projects acquired or developed with these bond funds.
Legislative Vote Results
FINAL VOTES CAST BY THE LEGISLATURE ON AB 140 (PROPOSITION 1E) -- Senate: Ayes 36 Noes 1 -- Assembly: Ayes 62 Noes 9 --
Popular Vote Results
Bond Act Act
HENRY RENTERIA, Director, California Office of Emergency Services; MICHAEL L. WARREN, President, California Fire Chiefs Association; LINDA ADAMS, Secretary, California Environmental Protection Agency
THOMAS N. HUDSON, Executive Director, The California Taxpayer Protection Committee
Rebuttal Against Author
THOMAS A. NASSIF, President, Western Growers; LINDA ADAMS, Secretary, California Environmental Protection Agency; PETER SILVA, Former Vice Chair, State Water Resources Control Board
DISASTER PREPAREDNESS AND FLOOD PREVENTION BOND ACT OF 2006. California Proposition 1e (2006).