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California $25 Billion Family Home Construction Bond Measure (2022)
| California $25 Billion Family Home Construction Bond Measure | |
|---|---|
 | |
| Election date November 8, 2022 | |
| Topic Bond issues and Housing | |
| Status Not on the ballot | |
| Type Bond issue | Origin State Legislature |
The California $25 Billion Family Home Construction Bond Measure was not on the ballot in California as a legislatively referred bond question in 2022.
The ballot measure would have issued $25 billion in general obligation bonds to fund the California Family Home Construction and Homeownership Program.[1]
Text of measure
Full text
The full text is available here.
Path to the ballot
- See also: Authorizing bonds in California
Section 1 of Article XVI of the California Constitution requires that general obligation bond issues of $300,000 or more be referred to voters for approval or rejection. The California State Legislature is required to pass bond acts by a two-thirds vote of all the members in both legislative chambers. The governor must also sign the bond act.
The bond act was introduced into the legislature as Senate Bill 1457 (SB 1457) on February 18, 2022. On May 25, 2022, the California State Senate voted 28-7 with five absent to pass the bond issue. The bond measure did not receive a vote before the June 30, 2022, deadline.[1]
See also
Footnotes
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State of California Sacramento (capital) |
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