California Proposition 40, Environment and Parks Bond Measure (March 2002)

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California Proposition 40
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Election date
March 5, 2002
Topic
Bond issues
Status
Approveda Approved
Type
Bond issue		Origin
State Legislature

California Proposition 40 was on the ballot as a bond issue in California on March 5, 2002. It was approved.

A "yes" voted supported the state issuing $2.6 billion for projects related to environmental conservation, water quality, and parks.

A "no" voted opposed the state issuing $2.6 billion for projects related to environmental conservation, water quality, and parks.


Election results

California Proposition 40

Result Votes Percentage

Approved Yes

2,769,178 56.85%
No 2,101,516 43.15%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 40 was as follows:

“

The California Clean Water, Clean Air, Safe Neighborhood Parks, and Coastal Protection Act of 2002. Legislative Bond Act.

”

Ballot summary

The ballot summary for this measure was:

“
  • This act provides for a bond issue of two billion six hundred million dollars ($2,600,000,000) to provide funds to: protect rivers, lakes, and streams to improve water quality and ensure clean drinking water; protect beaches and coastal areas threatened by pollution; improve air quality; preserve open space and farmland threatened by unplanned development; protect wildlife habitat; restore historical and cultural resources; repair and improve safety of state and neighborhood parks.
  • Subject to annual independent audit.
  • Appropriates money from state General Fund to pay off bonds.
”

Full Text

The full text of this measure is available here.


Fiscal impact statement

The fiscal impact statement:

“
  • State cost of about $4.3 billion over 25 years to pay off both the principal ($2.6 billion) and interest ($1.7 billion) costs on the bonds. Payments of about $172 million per year.
  • Costs potentially in the tens of millions of dollars annually to state and local governments to operate or maintain property bought or improved with these bond funds.

[1]

”

Support

Supporters

  • The Nature Conservancy
  • Peninsula Open Space Trust
  • Wild Rose LLC
  • Planning and Conservation League
  • California Conservation Campaign
  • California Academy of Sciences
  • Save the Redwoods League
  • American Land Conservancy
  • Corporation of the Fine Arts Museums

Path to the ballot

A simple majority vote was needed in each chamber of the California State Legislature to refer the measure to the ballot for voter consideration.

Proposition 40 was voted onto the ballot by the state legislature via Assembly Bill 1602 of the 2001–2002 Regular Session (Chapter 875, Statutes of 2001).

Votes in legislature to refer to ballot
Chamber Ayes Noes
Assembly 60 8
Senate 29 4

See also

2002 Measures

California

News and analysis


External links

Footnotes

  1. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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