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.
Popular Vote Results
Y: 2388985; A: 44.9; N: 2925815; B: 55.1
Assembly Constitutional Amendment
Paul Priolo, Assemblyman; Chairman, Elections and Constitutional Amendments Committee; Joseph Kennick, State Senator; Art Linkletter, Entertainer, and State Chairman for YES on Proposition 10
William Campbell, Assemblyman, 50th District
Rebuttal Against Author
Paul Priolo, Assemblyman 60th District; Art Linkletter, Entertainer, and State Chairman for YES on Proposition 10
INTEREST RATE LIMITATION California Proposition 10 (1970).