HIGHER EDUCATION FACILITIES BOND ACT OF 1986. This act provides for a bond issue of four hundred million dollars ($400,000,000) to provide capital for construction or improvement of facilities at California's public higher education institutions, including the University of California's nine campuses, the California State University's 19 campuses, the California Community College's 106 campuses, and the California Maritime Academy, to be sold at a rate not to exceed two hundred fifty million dollars ($250,000,000) per year.
Legislative Vote Results
Assembly - Ayes, 55; Noes, 3 -- Senate - Ayes, 27; Noes, 2
Popular Vote Results
Y: 4038085; A: 59.4; N: 2751378; B: 40.6
Bond Act (leg)
Code Sections Affected
Added Cal. Educ. Code sections 67350, et seq.
Gary K. Hart, State Senator, 18th District Chairman, Senate Education Committee; George Deukmejian, Governor, State of California; David P. Gardner, President, University of California
Nolan Frizzelle, O.D., Member of the Assembly, 69th District; Don Sebastiani, Member of the Assembly, 8th District
Rebuttal Against Author
Gary K. Hart, State Senator, 18th District Chairman, Senate Education Committee; David P. Gardner, President, University of California; W. Ann Reynolds, Chancellor, California State University
Higher Education Facilities Bond Act Of 1986 California Proposition 56 (1986).