Veterans Homes Bond Act of 2000.|
Full Text of
- This fifty million dollar ($50,000,000) bond issue will provide funding to the Department of Veterans Affairs for the purpose of designing and constructing veterans' homes in California and completing a comprehensive renovation of the Veterans' Home at Yountville.
- Funds from this bond shall be allocated to fund the state's matching requirement to construct or renovate those veterans' homes in Military and Veterans Code section 1011 first, and then fund any additional homes established under this Act.
- Appropriates money from General Fund to pay off bonds.
Summary of Legislative Analyst's
Estimate of Net State and Local Government Fiscal Impact:
- Net state cost of about $33 million over 25 years to pay off $26 million in additional bonds. The average cost would be around $1 million per year.
Argument in Favor of Proposition 16
Rebuttal to Argument in Favor of Proposition 16
Argument Against Proposition 16
Rebuttal to Argument Against Proposition 16
Full Text of Proposition 16