California Proposition 205 (1996)
From Ballotpedia
California Proposition 205, also known as the Youthful and Adult Offender Local Facilities Bond Act of 1996 was on the November 5, 1996 general election ballot in California.
Election results
| California Proposition 205 (1996) | ||||
|---|---|---|---|---|
| Percentage | ||||
| Yes | 40.6% | |||
No 
| 59.4% | |||
| Total votes | 100% | |||
Text of the proposal
The language that appeared on the ballot:
This act provides for a bond issue of seven hundred million dollars ($700,000,000) to provide funds for construction, renovation, remodeling, and replacement of local juvenile and adult correctional facilities. Appropriates money from state General Fund to pay off bonds.
Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: - General Fund costs of about $1.25 billion to pay off both the principal ($700 million) and interest($550 million) on the bonds. - The average payment for principal and interest would be about $50 million per year. Counties would incur unknown increased costs, potentially millions of dollars annually, to operate additional facilities constructed with these bond funds.
