California Online Voter Guide

November 2008 General Election
17th edition

Proposition 10 - Alternative Fuel Vehicles and Renewable Energy. Bonds. Failed

Initiative Statute

Summary

• Provides $3.425 billion to help consumers and others purchase certain high fuel economy or alternative fuel vehicles, including natural gas vehicles, and to fund research into alternative fuel technology.

• Provides $1.25 billion for research, development and production of renewable energy technology, primarily solar energy with additional funding for other forms of renewable energy; incentives for purchasing solar and renewable energy technology.

• Provides grants to cities for renewable energy projects and to colleges for training in renewable and energy efficiency technologies.

• Total funding provided is $5 billion from general obligation bonds.

• Fiscal Impact: State costs of about $10 billion over 30 years to pay off both the principal ($5 billion) and interest ($5 billion) costs of the bonds. Payments of about $335 million per year.

• Fiscal Impact: Increase in state sales tax revenues of an unknown amount, potentially totaling in the tens of millions of dollars, over the period from 2009 to about 2019.

• Fiscal Impact: Increase in local sales tax and vehicle license fee revenues of an unknown amount, potentially totaling in the tens of millions of dollars, over the period from 2009 to about 2019.

• Fiscal Impact: Potential state costs of up to about $10 million annually, through about 2019, for state agency administrative costs not funded by the measure.

What a Yes or No Vote Means

YES: A “YES” vote on this measure means: The state could sell $5 billion in general obligation bonds for various renewable energy, alternative fuel, energy efficiency, and air emissions reduction purposes.

NO: A “NO” vote on this measure means: The state would not sell $5 billion in general obligation bonds for these purposes.

Full Text of Proposition 10 - (PDF)

Official Campaign Web Sites and Contact Information

• Yes on Proposition 10

  Yes on Prop 10
  Californians for Energy Independence – Yes on Prop. 10
  1415 L Street, Suite 430
  Sacramento, CA 95814
  Email: info@prop10yes.com
  Web site: www.prop10yes.com

• No on Proposition 10

No on Prop 10
Consumer Federation of California
520 S. El Camino Real, Suite 340
San Mateo, CA 94402
Phone: (650) 375-7840
Email: info@votenoonprop10.com
Web site: www.votenoonprop10.com

Who Signed the Ballot Arguments

• Yes on Proposition 10

  Dr. Alan Henderson, Past President, American Cancer Society, California Division
  Miguel Pulido, Governing Board Member, South Coast Air Quality Management District
  Allison Hart, Executive Director, Clean and Renewable Energy Association
  

• No on Proposition 10

Lenny Goldberg, Executive Director, California Tax Reform Association
Mark Toney, Executive Director, The Utility Reform Network (TURN)
Marty Hittleman, President, California Federation of Teachers

News Articles

CVF's News Stories section provides California voters with convenient access to a sampling of news articles that give an overview of the potential impact of the propositions on the ballot.

Follow the Money

Proposition 10 Campaign Finances through October 18, 2008
Position	Support			Oppose
Total Raised	$17,499,850			$76,613
Top Donors	Name	Amount		Name	Amount
	Clean Energy Fuels Corp. [Seal Beach, CA]	$15,747,250		PACE of California School Employees Association  - Issues [Sacramento, CA]	$50,000
	Chesapeake Energy [Oklahoma City, OK]	$1,000,000		Consumer Federation of California [San Mateo, CA]	$16,613
	Aubrey McClendon, CEO, Chesapeake Energy [Oklahoma City, OK]	$500,000		California Federation of Teachers COPE Prop/Ballot [Burbank, CA]	$10,000
	Westport Fuel Systems, Inc. [Long Beach, CA]	$250,000
	Dodge Insurance Services, Inc. [Torrance, CA]	$2,500

 

Detailed information about all contributors for and against Proposition 10 is available from campaign finance reports at Cal-Access, the Secretary of State's campaign disclosure web site. To view the most recent contributions, select a committee and click "Late and $5000+ Contributions Received".

 

 

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This page was first published on September 27, 2008 | Last updated on April 28, 2009
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