"INTEREST RATE LIMITATION"
 

Proposition Summary

Amends and renumbers Section 22 of Article XX of the State constitution to provide" subject to limitations the Legislature may impose, that loans over one hundred thousand dollars ($100,000) may be made to corporations or partnerships without regard to restrictions of such section.

Proposition Number

10

Year

1970

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y: 2388985; A: 44.9; N: 2925815; B: 55.1

Election Type

General Election

Proposition Type

Assembly Constitutional Amendment

For Author

Paul Priolo, Assemblyman; Chairman, Elections and Constitutional Amendments Committee; Joseph Kennick, State Senator; Art Linkletter, Entertainer, and State Chairman for YES on Proposition 10

Against Author

William Campbell, Assemblyman, 50th District

Rebuttal Against Author

Paul Priolo, Assemblyman 60th District; Art Linkletter, Entertainer, and State Chairman for YES on Proposition 10

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