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About: 2008 California Proposition 12     Goto   Sponge   NotDistinct   Permalink

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Proposition 12 appeared on the November 4, 2008 ballot in California. It is also known as the Veterans' Bond Act of 2008. The measure was legislatively referred to the ballot in Senate Bill 1572. The primary sponsor of SB 1572 was Senator Mark Wyland, R-Carlsbad. The vote to place the measure on the ballot was passed unanimously in both the California state senate (39-0) and assembly (75-0). The ballot proposition passed in November and it authorizes issuance of $900 million in bonds to create a fund to assist veterans who are purchasing farms, homes and mobile home properties.