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Make Your Voice Heard California Statewide November 2, 2004 General Election
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  propositions
 
Ballot Measure Summary
   
 
Proposition 1A
   
 
Proposition 59
   
 
Proposition 60
   
 
Proposition 60A
   
 
Proposition 61
   
 
Proposition 62
   
 
Proposition 63
   
 
Proposition 64
   
 
Proposition 65
   
 
Proposition 66
   
 
Proposition 67
   
 
Proposition 68
   
 
Proposition 69
   
 
Proposition 70
   
 
Proposition 71
   
 
Proposition 72
   
 
Bond Overview
   
  Analysis | Arguments and Rebuttals | Text of Proposed Laws

OFFICIAL TITLE AND SUMMARY
Prepared by the Attorney General

Proposition 60A

Surplus Property.
Legislative Constitutional Amendment.

  • Dedicates proceeds from sale of surplus state property purchased with General Fund monies to payment of principal, interest on Economic Recovery Bonds approved in March 2004. When those bonds are repaid, surplus property sales proceeds directed to Special Fund For Economic Uncertainties.

Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

  • Net savings over the longer term-potentially low tens of millions of dollars-from accelerated repayment of existing bonds.

Final Votes Cast by the Legislature on SCA 18 (Proposition 60A)


Assembly: Ayes 55 Noes 21
Senate: Ayes 28 Noes 3



 
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