California Online Voter Guide

11th Edition, November 2004 General Election

Proposition 60A: Surplus Property. Legislative Constitutional Amendment. Passed

Summary

Dedicates proceeds from sale of surplus state property purchased with General Fund monies to payment of principle, interest on Economic Recovery Bonds approved in March 2004. When those bonds are repaid, surplus property sales proceeds directed to Special Fund for Economic Uncertainties.

Fiscal Impact: Net savings over the long term, potentially low tens of millions of dollars, from accelerated repayment of existing bonds.

Proposition 60A started as a portion of Senate Constitutional Amendment 18 and was put on the ballot for voter approval. SCA18 was passed in the state assembly with a 55-21 vote and in the state senate with a 28-3 vote. History of SCA18 - Full Text of Proposition

Campaign Web Sites and Contact Information

Yes on Propositon 60A
Contact information unavailable at this time
No on Propositon 60A
Contact information unavailable at this time

Who Signed the Ballot Arguments

Yes on Proposition 60A:

Dan Stanford, Former Chairman, California Fair Political Practices Commission
Barbara O’Connor, PhD, Director, Institute for the Study of Politics and Media, California State University, Sacramento
George N. Zenovich, Associate Justice Retired 5th District Court of Appeals
Michael S. Carona, Sheriff, Orange County
Henry L. “Hank” Lacayo, State President, Congress of California Seniors

No on Proposition 60A:

Senator Bill Morrow
Assemblymember Sarah Reyes

Follow the Money

As of October 16th, 2004, there has been no money raised to support or oppose Proposition 60A.

For More Information, CVF Recommends...

The California Secretary of State publishes the Official Voter Information Guide with both a Quick Summary and Detailed Information about Proposition 60A.

Other good nonpartisan resources include the League of Women Voters' Pro/Con Analysis and In-Depth Analysis of Proposition 60A, the California Journal, the McGeorge School of Law California Initiative Review and the Easy Voter Guide.

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