Assembly Constitutional Amendment No. 11. Authorizes issue and sale of $60,000,000 of state bonds in accordance with Harbor Development Bond Law of 1958. Said law permits up to $50,000,000 of bonds to be issued for development of state harbor facilities at San Francisco and up to $10,000,000 for financing of small craft harbor development program." Bonds will be general obligations of State, but payable primarily from receipts of state treasury funds designated as San Francisco Harbor Improvement Fund and Small Craft Harbor Improvement J<'und, respectively. Validates said Harbor Development Bond Law of 1958.
Popular Vote Results
Y: 2440813; A: 56.5; N: 1878742; B: 43.5
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. XVI, section 8 1/2.
Glenn E. Coolidge, Assemblyman (Republican -- Santa Cruz County) Chairman, Assembly Ways and Means Committee; John J. Hollister, Jr., Senator (Democrat -- Santa Barbara County) Chairman, Senate Interim Committee on Small Boat Harbors
A. F. "Gus" Gaynor, San Francisco Insurance Representative 310 Arballo Drive San Francisco, California
HARBOR DEVELOPMENT BONDS California Proposition 4 (1958).