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California Governor Signs Legislation to Put Housing Bond on November Ballot

Monday, April 29, 2002 - 1:45AM

California Gov. Gray Davis last week signed legislation to put a $2.1 billion housing bond on the November 2002 ballot. Senate Bill 1227, introduced by Senate President pro tem John Burton (D-San Francisco) and approved by the Legislature earlier this month (see Breaking News item, April 8), authorizes the $2.1 billion general obligation bond to be placed on the November 2002 ballot. If approved by voters, the measure will provide $195 million for the Emergency Housing Assistance Program and $910 million for the Multifamily Housing Program.

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