Calif. Voters Say 'No' To Green Car Rebates

Law360, New York (November 5, 2008, 12:00 AM EST) -- California voters spurned a measure Tuesday that would have authorized the state to sell $5 billion in bonds mostly to finance rebates for residents who buy an array of “clean alternative fuel” vehicles.

Nearly 60 percent of voters rejected Proposition 10, which green and consumer groups widely criticized as an ill-conceived boon for one of its backers, Clean Energy Fuels Corp.

The measure would have allowed California to sell $3.4 billion in general obligation bonds to provide rebates for consumers who buy alternative fuel vehicles, including...
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