Proposition 1E			00.00 10/05
	Summary
	Submitted as: "Disaster Preparedness and Flood Prevention Act of 2006"
	Type:  Amendment to the Public Resources Code
	Subject:  $4.09 Billion Bond to finance disaster preparedness and flood prevention projects.
	Submitters:  Perata, Nunez, California Legislature, AB 140
		Senate Vote: 36 Yes, 1 No (of 40)
		Assembly Vote: 62 Yes, 9 No (of 80)
	Supporting Organization:
		Name:	The Rebuild California Plan 1127 11th Street, Suite 950 Sacramento, CA 95814
		Email:
		Web Site: www.plan4ourfuture.org
		Phone:  916.443.5900
	Opposing Organization:
		Name:	California Taxpayer Protection Committee 9971 Base Line Road Elverta, CA 95626-9411
		Email: info at protecttaxpayers.com
		Web Site: www.protecttaxpayers.com
		Phone: (916) 991-9300
	Measure 1E authorizes the sale of $4.09 billion worth of general obligation bonds.  Proceeds from the bond sale are to go into a new fund in the State Treasury, the Disaster Preparedness and Flood Prevention Bond Fund of 2006, to pay for disaster preparedness and flood control.
	The Measure also creates the Disaster Preparedness and Flood Prevention Bond Finance Committee to manage the bond  Its members are the Treasurer, Controller and Director of Finance.  The Department of Water Resources is the "board" for programs managed by the Committee.
	The bond proceeds are allocated to several different types of expenditure, as shown in the table below.
	Account Name $B Source/Assigned Administrative Department Broad Purpose (no specific account) 3.00 (Available upon appropriation) Department of Water Resources Under the State Plan of Flood Control, maintain and improve  levees, weirs, and bypasses, with an eye to reducing the risk of levee failure. (no specific account) 0.50 (Available upon appropriation) Department of Water Resources Payment of the state's share of nonfederal costs of flood control (no specific account) 0.29 (Available upon appropriation)   Work on flood protection corridors and bypasses (no specific account) 0.30 (Available upon appropriation)   Grants for storm water flood management projects
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