Proposition 40 The California Clean Water, Clean Air, Safe Neighborhood parks, and Coastal Protection Act of 2002

Bond act put on ballot by the legislature to give approval to the state to sell $2.6 billion in bonds to finance the preservation and conservation of natural resources, including the acquisition of state and local parks and improvements to them. Proponents of the proposition argue that the money will be used to create safer parks and protect the state's natural resources. Those opposing prop. 40 point out that the bond will cost $4.3 billion to repay over 25 years and during economically uncertain times would be an unwise use of state money.

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