Secretary of State No.

143

Description

MAXIMUM SPEED LIMIT. INITIATIVE STATUTE. Repeals Vehicle Code section 22348, subdivision (a), which provides for a 55 mile per hour speed limit on California highways. Financial Impact: Will result in a possible annual loss of up to $285 million in federal highway revenue for State purposes and up to $125 million in federal highway revenues for local purposes; annual increase of approximately $21 million in State gasoline and sales tax revenues and approximately $13 million in local gasoline and sales tax revenues; annual increase of approximately $1 million for higher State fuel costs; and indeterminable increases in local government costs for fuel consumption and for expenditures attributable to possible increase in traffic accident rate.

Proponents

Leroy K. And Beverly M. Carson, 782 Piropo Court, Camarillo, California 93010 (805) 486-9587

Date

4-23-1976

Document Type

Initiative

Qualified

Failed to Qualify

Download

Share

COinS