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PROPOSITION 2000 General
32 VETERANS’ BOND ACT OF 2000.
Official Title and Summary
Official Title and Summary Prepared by the Attorney
VETERANS’ BOND ACT OF 2000.

• This act provides for a bond issue of five hundred million dollars ($500,000,000) to provide farm and home aid for California veterans.

• Appropriates money from state General Fund to pay off bonds, if costs not offset by payments from participating veterans.

Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:

• Costs of about $858 million to pay off both the principal ($500 million) and interest (about $358 million) on the bonds; costs paid by participating veterans.

• Average payment for principal and interest of about $34 million per year for 25 years.

Final Votes Cast by the Legislature on AB 2305 (Proposition 32)
Assembly: Ayes 76 Noes 0
Senate: Ayes 36 Noes 0


  Analysis by the Legislative Analyst
  Argument in Favor of Proposition 32
  Rebuttal to Argument in Favor of Proposition 32
  Argument Against Proposition 32
  Rebuttal to Argument Against Proposition 32
 

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