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Make Your Voice Heard California Statewide November 2, 2004 General Election
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Ballot Measure Summary
Proposition 1A
Proposition 59
Proposition 60
Proposition 60A
Proposition 61
Proposition 62
Proposition 63
Proposition 64
Proposition 65
Proposition 66
Proposition 67
Proposition 68
Proposition 69
Proposition 70
Proposition 71
Proposition 72
Bond Overview
  Analysis | Arguments and Rebuttals | Text of Proposed Laws

Prepared by the Attorney General

Proposition 60A

Surplus Property.
Legislative Constitutional Amendment.

  • Dedicates proceeds from sale of surplus state property purchased with General Fund monies to payment of principal, 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.

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

  • Net savings over the longer term-potentially low tens of millions of dollars-from accelerated repayment of existing bonds.

Final Votes Cast by the Legislature on SCA 18 (Proposition 60A)

Assembly: Ayes 55 Noes 21
Senate: Ayes 28 Noes 3

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