Attorney General No.
SA93RF0004
Secretary of State No.
593
Description
PARK LANDS, HISTORIC SITES, WILDLIFE AND FOREST CONSERVATION. BONDS. INITIATIVE STATUTE. Authorizes general obligation bonds of almost $2 billion, to be repaid from the General Fund, for acquisition, development, rehabilitation, restoration and conservation of park lands, historic sites, wildlife areas and forests throughout California. Includes funds for parks and recreational facilities throughout the State. Specifies in detail the lands for acquisition, development, or restoration. Directs certain state agencies to administer specific funds with a portion available for grants to local agencies and non-profit organizations for specifically named projects. Summary of estimate by Legislative Analyst and Director of Finance official impact on state and local governments: Would result in state costs of about $3.5 billion in principal and interest payments over about 20 years, if bonds are sold at 7 percent; other unknown, significant costs, possibly in the millions of dollars annually, to operate facilities and manage lands acquired and as a result of the bond program.
Proponents
Gerald H. Meral, Ph.D. Executive Director Planning And Conservation League, 926 "J" Street, Suite 612, Sacramento, Ca 95814 (916) 444-8726
Date
6-7-1993
Document Type
Initiative
Qualified
Qualified
Recommended Citation
Park Lands, Historic Sites, Wildlife And Forest Conservation. Bonds. California Initiative 593 (1993).
https://repository.uclawsf.edu/ca_ballot_inits/756