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.