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California Proposition 1A (2008)
Encyclopedia
Proposition 1A is a law that was approved by California
voters in the November, 2008 state elections
. It was a ballot proposition
and bond measure, that allocated funds for the California High-Speed Rail Authority
. It now forms Chapter 20 of the Streets and Highways Code.
ballot, but was delayed to the 2006 state election due to budget concerns raised at the time by Governor
Arnold Schwarzenegger
. In January 2006, the Governor chose to omit the initial funds for the project from his $222.6 billion dollar Public Works Bond over the next 10 years. The Governor did include $14.3 million in the 2006-07 budget for the California High-Speed Rail Authority, enough for it to begin some preliminary engineering and detailed study work. The proposition was delayed again from 2006 to 2008 to avoid competition with the huge infrastructure bond, Proposition 1B, which passed in 2006.
The original proposition would have appeared in the 2008 general election as Proposition 1, but the State Legislature enacted Assembly Bill 3034 which replaced that measure with an updated proposal called Proposition 1A. The updated measure included an additional funding requirement and oversight.
area and the rest will be spent on improvements to local railroad systems, which will connect locations away from the high-speed rail mainline to the high-speed system. However, the project still requires federal matching funds, since a $9.95 billion bond issue only covers at most half of the estimated cost of the initial core segment. The money will be raised through general obligation bond
s that are paid off over a time period of 30 years.
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
voters in the November, 2008 state elections
California state elections, November 2008
The California state elections, November 2008 were held on November 4, 2008 throughout California. Among the elections taking place were those for the office of President of the United States, all the seats of California's delegation to the House of Representatives, all of the seats of the State...
. It was a ballot proposition
California ballot proposition
In California, a ballot proposition is a proposed law that is submitted to the electorate for approval in a direct vote . It may take the form of a constitutional amendment or an ordinary statute. A ballot proposition may be proposed by the State Legislature or by a petition signed by members of...
and bond measure, that allocated funds for the California High-Speed Rail Authority
California high-speed rail
The California High-Speed Rail project is a planned future high-speed rail system in the state of California and headed by the California High-Speed Rail Authority . Initial funding for the project was approved by California voters on November 4, 2008, with the passage of Proposition 1A...
. It now forms Chapter 20 of the Streets and Highways Code.
Background
The proposition was put before voters by the State Legislature. It was originally to appear on the 2004 state electionCalifornia state elections, 2004
California's state elections were held November 2, 2004. Necessary primary elections were held on March 2. Up for election were all the seats of the State Assembly, 20 seats of the State Senate, and sixteen ballot measures.-State Senate:...
ballot, but was delayed to the 2006 state election due to budget concerns raised at the time by Governor
Governor of California
The Governor of California is the chief executive of the California state government, whose responsibilities include making annual State of the State addresses to the California State Legislature, submitting the budget, and ensuring that state laws are enforced...
Arnold Schwarzenegger
Arnold Schwarzenegger
Arnold Alois Schwarzenegger is an Austrian-American former professional bodybuilder, actor, businessman, investor, and politician. Schwarzenegger served as the 38th Governor of California from 2003 until 2011....
. In January 2006, the Governor chose to omit the initial funds for the project from his $222.6 billion dollar Public Works Bond over the next 10 years. The Governor did include $14.3 million in the 2006-07 budget for the California High-Speed Rail Authority, enough for it to begin some preliminary engineering and detailed study work. The proposition was delayed again from 2006 to 2008 to avoid competition with the huge infrastructure bond, Proposition 1B, which passed in 2006.
The original proposition would have appeared in the 2008 general election as Proposition 1, but the State Legislature enacted Assembly Bill 3034 which replaced that measure with an updated proposal called Proposition 1A. The updated measure included an additional funding requirement and oversight.
Provisions
The law allocates $9.95 billion to the California High-Speed Rail Authority. Of that sum, $9 billion will be used to construct the core segments of the rail line from San Francisco to the Los AngelesLos Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
area and the rest will be spent on improvements to local railroad systems, which will connect locations away from the high-speed rail mainline to the high-speed system. However, the project still requires federal matching funds, since a $9.95 billion bond issue only covers at most half of the estimated cost of the initial core segment. The money will be raised through general obligation bond
General obligation bond
A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally available resources, including tax revenues, to repay bond holders....
s that are paid off over a time period of 30 years.
Results
See also
- California High-Speed RailCalifornia high-speed railThe California High-Speed Rail project is a planned future high-speed rail system in the state of California and headed by the California High-Speed Rail Authority . Initial funding for the project was approved by California voters on November 4, 2008, with the passage of Proposition 1A...
- California state elections, November 2008California state elections, November 2008The California state elections, November 2008 were held on November 4, 2008 throughout California. Among the elections taking place were those for the office of President of the United States, all the seats of California's delegation to the House of Representatives, all of the seats of the State...
- California Streets and Highways Code