Attorney General No.

SA83RF0039

Secretary of State No.

340

Description

RENT CONTROL PHASE OUT BY 1990. INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE. Sets forth findings and declarations regarding rent control. Adds section to constitution stating no law shall provide for regulation of rent for rental housing. Provides that occupied rental housing units subject to local rent control laws at date of adoption of this section remain subject to terms of local law only until January 1, 1990, or until unit voluntarily vacated, whichever occurs first. Adds statute directing Governor and Legislature to make housing an urgent priority consideration and to pass legislation addressing problems of adequate supply, affordability, quality, and availability. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This initiative would result in administrative cost savings to local governments to the extent they are precluded from regulating rents on residential housing units. Since most local rent control activity is supported by registration fees, adoption of this measure probably would not result in any significant fiscal impact on state or local governments.

Proponents

George Young, 1000 Sunset Boulevard, Suite D, Los Angeles, Ca 90012

Date

1-9-1984

Document Type

Initiative

Qualified

Failed to Qualify

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