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Summary Authorizes 3440000000 general obligation bonds to be repaid from states General Fund to fund a variety of water projects including specified CALFED Bay-Delta Program projects including urban and agricultural water use efficiency projects grants and loans to reduce Colorado River water use purchasing protecting and restoring coastal wetlands near urban areas competitive grants for water management and water quality improvement projects development of river parkways improved security for state local and regional water systems and grants for desalination and drinking water disinfecting projects Background Proposition 50 Water Quality Supply and Safe Drinking Water Projects Coastal wetlands Purchase and Protection Bonds Initiative statute Proposition 50 is a 346 billion bond issue to improve water quality and to purchase restore and protect coastal wetlands Proposal Proposition 50 will authorize the sale of 344 billion in general obligation bonds for water projects including coastal protection the CALFED Bay-Delta Program integrated regional water management safe drinking water and water quality Fiscal Effect State costs to repay the bonds which if the bonds were issued with a maturity of 25 years would equal approximately 57 billion to pay principal 344 billion and interest 224 billion with payments of approximately 227 millions per year The measure would also result in potential costs of an unknown amount to state and local governments to operate or maintain properties or projects acquired or developed with these bond funds Yes or No A YES vote of this measure means The state could sell 344 billion in bonds for water quality water supply reliability and safe drinking water projects and for coastal land acquisition and protection A NO vote of this measure means The state could not sell 344 billion in bonds for these purposes Argument Summary of Arguments FOR Proposition 50 YES on 50 keeps clean drinking water flowing for Californias rapidly-growing population Prop 50 is a cost-effective approach to protecting vital water supplies and
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