Title

SCHOOL BONDS

Proposition Summary

Assembly Constitutional Amendment No. 80. Adds Section 15 to Article XVI of Constitution. Directs issuance and sale of $250,000,000 of State bonds for purpose of providing loans and grants to school districts of State. Provides that allocation of funds to school districts shall be subject to regulation by Legislature. Authorizes Legislature to prescribe for issuance and sale, rate of interest, terms of payment, and other conditions of bonds. Makes bond proceeds available for expenses of bond issuance and administration of loans and grants. Declares State policy regarding public school sites and buildings.

Proposition Number

1

Year

1949

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 1890779; A: 72.8; N: 706570; B: 27.2

Election Type

Special Election

Proposition Type

Assembly Constitutional Amendment

Code Sections Affected

Added Cal. Const. art. XVI, section 15.

For Author

Francis Dunn, Jr., Assemblyman, 13th District, Chairman, Assembly Committee on Education

Against Author

George D. Collins, Jr., Assemblyman, 22d Dist.

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