Proposition Summary

Assembly Constitutional Amendment No 40. Adds Section 16 to Article XVI of Constitution. Authorizes issue and sale of one hundred fifty million dollars ($150,000,000) in state bonds to provide funds to be used by State Department of Veterans Affairs in accordance with Veterans Farm and Home Purchase Act of 1943 in assisting California war veterans to acquire farms and homes. Brings into operation and validates Veterans Bond Act of 1951, governing issue, sale and redemption of such bonds.

Proposition Number

1

Year

1952

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y: 3825825; A: 85.7; N: 637765; B: 14.3

Election Type

General Election

Proposition Type

Assembly Constitutional Amendment

Code Sections Affected

Added Cal. Const. art. XVI, section 16.

For Author

Sam L. Collins, Speaker of the Assembly, Orange County; Richard H. McCollister, Assemblyman, Chairman of Committee on Military Affairs, Marin and Sonoma Counties; Nelson S. Dilworth, State Senator, Riverside County

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