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Youthful and Adult Offender Local Facilities Bond Act of 1996.
Official Title and Summary prepared by the Attorney General
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Text of Proposition
YOUTHFUL AND ADULT OFFENDER LOCAL FACILITIES BOND ACT OF 1996.
- This act provides for a bond issue of seven hundred million dollars ($700,000,000) to provide funds for construction, renovation, remodeling, and replacement of local juvenile and adult correctional facilities.
- Appropriates money from state General Fund to pay off bonds.
Summary of Legislative Analyst's
Estimate of Net State and Local Government Fiscal Impact:
- General Fund costs of about $1.25 billion to pay off both the principal ($700 million) and interest($550 million) on the bonds.
- The average payment for principal and interest would be about $50 million per year.
Counties would incur unknown increased costs, potentially millions of dollars annually, to
operate additional facilities constructed with these bond funds.
Final Votes Cast by the Legislature on AB3116 (Proposition 205)
Assembly: Ayes 61 Senate: Ayes 27
Noes 0 Noes 6
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Analysis by the Legislative Analyst
Argument in Favor of Proposition 205
Rebuttal to Argument in Favor of Proposition 205
Argument Against Proposition 205
Rebuttal to Argument Against Proposition 205
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