Proposition Summary
Assembly Constitutional Amendment No. 55. Adds Section 19 to Article XIII of Constitution. Authorizes financing cost of development projects from portion of revenue derived from taxes on taxable property within project. Provides that taxing agencies shall continue to receive tax revenues based on assessed value of such property at time of approval of redevelopment plan. Authorizes and validates laws permitting use of additional tax revenue, based on later increases in assessed value, for payment of bonds or other obligations of the redevelopment agency and permitting the agency to pledge such income as security for its obligations.
Proposition Number
18
Year
1952
Document Type
Proposition
Pass/Fail
Pass
Popular Vote Results
Y: 2456168; A: 65.9; N: 1271376; B: 34.1
Election Type
General Election
Proposition Type
Assembly Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. XIII, section 19.
For Author
A. I. Stewart, Member of the Assembly, 47th District; Gerald J. O'Gara, Attorney and State Senator for San Francisco; Fletcher Bowron, Mayor of Los Angeles
Recommended Citation
COMMUNITY REDEVELOPMENT PROJECTS California Proposition 18 (1952).
https://repository.uclawsf.edu/ca_ballot_props/537