This act provides for a bond issue of three hundred fifty million dollars ($350,000,000) to provide funds for the construction and renovation of public library facilities in order to expand access to reading and literacy programs in California's public education system and to expand access to public library services for all residents of California. Fiscal Impact: State cost of $600 million over 25 years (average cost of about $24 million per year) to repay bonds. One-time local matching costs of $190 million, plus potential additional operating costs of over $10 million annually.
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)