California Proposition 206 (1996)
From Ballotpedia
California Proposition 206, also known as the Veterans' Bond Act of 1996 was on the November 5, 1996 general election ballot in California.
Election results
| California Proposition 206 (1996) | ||||
|---|---|---|---|---|
| Percentage | ||||
 Yes
| 53.6% | |||
| No | 46.4% | |||
| Total votes | 100% | |||
Text of the proposal
The language that appeared on the ballot:
This act provides for a bond issue of four hundred million dollars ($400,000,000) to provide farm and home aid for California veterans. Costs offset by payments from participating veterans.
Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact: - General Fund costs of about $700 million to pay off both the principal ($400 million) and interest (about $300 million) on the bonds; costs offset by payments from participating veterans. - Average payment for principal and interest of about $28 million per year for 25 years.
See also
External links
- Official Voter Guide to Proposition 206
- Full text of Proposition 206
- November 1996 California election results (PDF)
