Fiscal Impact: This proposition would allow the state to sell $50 million in general obligation bonds to (1) replace $24 million in currently authorized lease-payment bonds for new veterans' homes and (2) provide $26 million in additional bonds for new or existing veterans' homes. This would result in a net state cost of about $33 million over 25 years, with costs of around $1 million per year.
Source for Popular Vote data: California Secretary of State. Statement of Vote 2000 Primary Election March 7, 2000, California Secretary of State (http://www.ss.ca.gov/elections/sov/2000_primary/measures.pdf) (accessed 25 Feb 2007)