Pursuant to Elections Code Section 9005, we have reviewed the proposed statutory initiative regarding immigration and tax matters (A.G. File No. 15-0022).

The measure would require the state to perform various functions, primarily related to immigration and tax matters. Pursuant to subsection (c) of Section 9005 of the Elections Code, we are informing you that, in our opinion, a reasonable estimate of the net impact of this proposed initiative measure cannot be prepared within the 50-day period from the date this proposed initiative was received. As required by Section 9005, we are informing you that it is our opinion that the initiative, if adopted, may result in a substantial net change in state or local finances.