February, 2010
We have reviewed the proposed constitutional
initiative described by the proponent as "The Renew California Act of
2010" (A.G. File No. 10‑0001).
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 25 working days from the date this proposed initiative
was received. The measure rewrites large portions of the State
Constitution and appears to have major implications for state and local
government finances. Accordingly, pursuant to subsection (c) of Section
9005 of the Elections Code, we are informing you that it is our opinion
that the measure likely would result in a substantial net change in
state or local finances if adopted.
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