Assembly Constitutional Amendment No.4. Authorizes issue and sale of four hundred million dollars ($400,000,000) in state bonds to provide funds to be used by State Department of Veterans Affairs in accordance with Veterans Farm and Home Purchase Act of 1943 in assisting California war veterans to acquire farms and homes. Brings into operation and validates Veterans Bond Act of 1960 governing issue, sale and redemption of such bonds.
Popular Vote Results
Y: 2254410; A: 64.9; N: 1217808; B: 35.1
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. XVI, section 21
Myron H. Frew , Assemblyman for 35th District; Nelson S. Dilworth, Senator for Riverside County; Fred S. Farr, Senator for Monterey County; Paul Sheedy, Executive Vice President
VETERANS FARM AND HOME BONDS California Proposition 1 (1960).