Prop. 12 Veteran's Bond Act of 2008

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Prop. 12 Veteran's Bond Act of 2008

Post  Admin on Wed Sep 03, 2008 8:03 am

Shall a nine hundred million dollar ($900,000,000) bond be issued to provide farm and home aid for California veterans?

Fiscal Impact from the Legislative Analyst:
Costs of about $1.8 billion to pay off both the principal ($900 million) and interest ($856 million) on the bonds; costs paid by participating veterans. Average payment for principal and interest of about $59 million per year for 30 years.

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