Proposition Summary

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.

Proposition Number

60a

Year

2004

Document Type

Proposition

Pass/Fail

Pass

Legislative Vote Results

Final Votes Cast by the Legislature on SCA 18 (Proposition 60A) -- Assembly: Ayes 55 Noes 21 -- Senate: Ayes 28 Noes 3 --

Popular Vote Results

Y:7776374; A:73.3; N:2843435; B:26.7; Abst:1969874; C:15.65

Election Type

General Election

Proposition Type

Legislative Constitutional Amendment.

For Author

DAN STANFORD, Former Chairman, California Fair Political Practices Commission; BARBARA O'CONNOR, Ph.D., Director, Institute for the Study of Politics & Media California State University, Sacramento; GEORGE N. ZENOVICH, Associate Justice, Retired, 5th District Court of Appeal

Against Author

BILL MORROW, State Senator; SARAH REYES, State Assemblymember

Rebuttal Author

BILL MORROW, Senator; SARAH REYES, Assemblymember

Rebuttal Against Author

BARBARA O'CONNOR, Ph.D., Director, Institute for the Study of Politics & Media California State University, Sacramento; MICHAEL S. CARONA, Sheriff, Orange County; HENRY L. "HANK" LACAYO, State President, Congress of California Seniors

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