AB 1500: Elders Living with Dignity, Empathy, Respect, and Support (ELDERS) Bond Act.

Existing state and federal law provides for various programs to provide services to elderly persons, as specified. Existing law provided for submission to the voters of the Senior Center Bond Act of 1984.

This bill would provide for submission to the voters of the Elders Living with Dignity, Empathy, Respect, and Support (ELDERS) Bond Act of ____. 2020. The bill would provide that, if enacted by the people, the state would be authorized to issue and sell general obligation bonds in the aggregate amount of $200,000,000. The proceeds of these bonds would be placed in a fund, which would be appropriated to the Controller, without regard to fiscal years, for allocation, at the request of the Treasurer. The bill would provide that money in the fund would be allocated to public or private nonprofit agencies or organizations for the purpose of acquiring, renovating, constructing, or purchasing equipment for, specialized day services centers for adults with complex chronic medical, cognitive, or behavioral health conditions, including, but not limited to, Alzheimers disease or related dementias, funding startup costs of eligible facilities, or program expansion of eligible facilities, as specified. The bill would make legislative findings and declarations relating to Californias senior population.

The bill would provide for submission of the bond act to the voters at the general statewide election occurring on ____. November 3, 2020.

This bill would declare that it is to take effect immediately as an urgency statute.