Assembly Constitutional Amendment 39. Amends section 31 of Article IV of Constitution. Authorizes water districts and water conservation district, for the purpose of acquiring water, water rights and other necessary property to acquire and hold stock of Corporations owning water, water rights, canals, water works and franchises. Authorizes treasurer of political subdivision under resolution of governing body thereof to make temporary transfer of funds in his custody to pay interest and principal of bonds issued by such subdivision.
Popular Vote Results
Y: 706307; A: 44.4; N: 883339; B: 55.6
Assembly Constitutional Amendment
Kent H. Redwine, Member of the Assembly, Fifty-seventh District; Frank W. Wright, Member of the Assembly, Fiftieth District
WATER DISTRICTS AND WATER CONSERVATION DISTRICTS. TEMPORARY TRANSFER OF FUNDS TO PAY BONDS OF POLITICAL SUBDIVISIONS California Proposition 16 (1936).