The Attorney General prepares a title and summary of the chief purpose and points of an initiative. Initiatives are cleared for circulation on the day the title and summary is sent to the initiative proponent(s). No petition may be circulated for signatures before it has been cleared to do so by the Attorney General.
Please note: Counties have 8 working days after an initiative's circulation deadline (Elections Code section 9030 (b)) to notify the Secretary of State's Office if any petition signatures were received. If no signatures are submitted, an initiative will fail on the 9th working day after its circulation deadline.
Revenue Bonds. Infrastructure Projects. State Legislature and Voter Approval. Initiative Constitutional Amendment.
Summary Date: 08/21/14 | Circulation Deadline: 01/20/15 | Signatures Required: 807,615
Dean Cortopassi c/o Kurt Oneto (916) 446-6752
Requires State Legislature approve use of revenue bonds for public infrastructure projects funded, owned, or operated by the state or any joint agency that includes the state, if the bond amount exceeds $2 billion and repayment requires new, increased, or extended taxes, fees, or other charges. Requires that legislatively approved projects be presented on statewide ballot for voter approval. Applies to previously approved projects if remaining bond amount exceeds $2 billion. Requires that specified project information for all state bonds be included in voter ballot pamphlet. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Potential reduction in large-scale infrastructure projects funded by the issuance of revenue bonds. (14-0009.) (Full Text)