State Bonds: What are they?
How do they work?
by Valerie Orleans
From Dateline (February 19, 2004)
|John Erickson, chair and professor of finance,
displays the sample ballot that voters will use in the upcoming
March 2 election. Among the choices voters will face are several
different bond initiatives, including Proposition 55, the Kindergarten-University
Education Facilities Bond
Act of 2004.
When California voters go to vote March 2,
they will be faced with many different bond measures, including
Proposition 55, the 2004 school bond measure. John Erickson, chair
and professor of finance, answers some of the most commonly asked
questions about state bonds.