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California PropositionsDESCRIPTION
October 14, 2008. CalProps Analysis Prop 12. Proposition 12, also known as the Veterans Bond Act of 2008, would authorize issuance of 900 million in bonds to assist veterans in purchasing farms, homes and mobile home properties. The non partisan California Legislative Analysts Office estimates the proposition will result in 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. Loans are repaid, along with.PARSED CONTENT
The site states the following, "Proposition 12, also known as the Veterans Bond Act of 2008, would authorize issuance of 900 million in bonds to assist veterans in purchasing farms, homes and mobile home properties." I noticed that the web site said " The non partisan California Legislative Analysts Office estimates the proposition will result in costs of about 1." They also stated "8 billion to pay off both the principal 900 million and interest 856 million on the bonds; costs paid by participating veterans. Loans are repaid, along with."