A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Sections 8 and 10 of Article II thereof, and by amending Section 1 of Article XVI thereof, relating to bond measures.

Under existing law, the issuance of state general obligation bonds must be approved by a majority of the people voting at a statewide general or primary election at which the bond measure was placed on the ballot. A state general obligation bond measure may be proposed to the voters either through the initiative process or upon passage by a 23 vote of the Members of the Legislature. This measure would instead require that a ballot measure for the issuance of state general obligation bonds be approved by 23 of the voters who vote on the measure, whether placed on the ballot by the initiative process or by the Legislature.