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LWV League of Women Voters of California
Smart Voter
State of California November 7, 2000 Election
Proposition 32
Veterans’ Bond Act of 2000

Bond Act

6,709,560 / 67.2% Yes votes ...... 3,278,248 / 32.8% No votes

See Also: Index of all Propositions

Information shown below: Summary | Yes/No Meaning | Official Information | Arguments |
Summary Prepared by the state Attorney General:
  • This act provides for a bond issue of five hundred million dollars ($500,000,000) to provide farm and home aid for California veterans.
  • Appropriates money from state General Fund to pay off bonds, if costs not offset by payments from participating veterans.

Meaning of Voting Yes/No
A YES vote of this measure means:
The state would be able to issue $500 million in general obligation bonds to provide loans for the veterans’ farm and home purchase (Cal-Vet) program.

A NO vote of this measure means:
The state would not be able to issue these bonds for this purpose.

Official Sources of Information
Arguments Submitted to the Secretary of State

Summary of Arguments FOR Proposition 32:
The time-honored Cal-Vet Loan Program helps wartime veterans to purchase homes and farms in California at no expense to taxpayers. Voter-approved bonds finance the Program and are repaid, along with all program costs, by veteran loan holders. This measure would replenish such bonds. We urge your support.

Full Text of Argument In Favor, Rebuttal

Summary of Arguments AGAINST Proposition 32:
Proposition 32 is a half billion dollar bond measure that would cost taxpayers a fortune. The money would be used to buy homes for “veterans” defined to even include persons like Presidential candidate George W. Bush who joined his state’s Air National Guard instead of going to fight in Vietnam!

Full Text of Argument Against, Rebuttal

Contact FOR Proposition 32:
Glenn Gilbert
Assembly Committee on Veterans Affairs
California State Assembly
1020 N Street, Room 357
Sacramento, CA 95814
(916) 319-2486

Contact AGAINST Proposition 32:
Melvin L. Emerich
Attorney at Law
95 South Market St., #300
San Jose, CA 95113
(408) 995-3224

  Official Information

Secretary of State

Nonpartisan Information

League of Women Voters

California Voter Foundation News and Analysis

Sacramento Bee

Los Angeles Times Contra Costa Times KPBS San Diego Public Broadcasting
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Created: January 25, 2001 02:35
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