PROP
10 |
ALTERNATIVE FUEL VEHICLES AND RENEWABLE ENERGY.
BONDS. INITIATIVE STATUTE.
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SUMMARY Put on the Ballot by Petition Signatures
Authorizes $5 billion in bonds paid from state’s General Fund, to help consumers and others purchase certain vehicles, and to fund research in renewable energy and alternative fuel vehicles. Fiscal Impact: State cost of about $10 billion over 30 years to repay bonds. Increased state and local revenues, potentially totaling several tens of millions of dollars through 2019. Potential state administrative costs up to about $10 million annually.
WHAT YOUR 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. |
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NO A NO vote on this measure means: The state would not sell $5 billion in general obligation bonds for these purposes. |
ARGUMENTS
PRO YES on 10: ENERGY INDEPENDENCE AND CLEAN AIR. PRODUCES more electricity from renewable sources, including solar and wind. GIVES Californians rebates to purchase clean alternative fuel vehicles. GETS polluting diesels off roads. INCREASES grants to California universities to develop cheaper alternatives to gasoline. REQUIRES strict accountability/audits. No new taxes. |
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CON Proposition 10 is special interest legislation which gives away $10 billion in taxpayer dollars to primarily benefit one company with little accountability and NO guarantees of environmental benefit. Don’t hurt our schools and services in a time of budget crisis. Vote NO on Prop. 10! |
FOR ADDITIONAL INFORMATION
FOR
Californians for Energy
Independence – Yes on Prop. 10
1415 L Street, Suite 430
Sacramento, CA 95814
info@prop10yes.com
www.prop10yes.com |
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AGAINST
Consumer Federation of California
520 S. El Camino Real, Suite 340
San Mateo, CA 94402
(650) 375-7840
www.votenoonprop10.com |
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