The Legislature further finds and declares that: (a) The present public outdoor recreation areas and facilities in the State are inadequate to accommodate the demands made on them at the present time and will become critically inadequate as time progresses. (b) Land values are increasing at a steady rate and any delay by the State in securing additional lands for park and recreation purposes will result not only in the loss of suitable lands for recreation purposes, but also will reduce the economic ability of the State to acquire such lands. (c) At the next general election the people of the State of California will vote upon a proposition authorizing a state bond issue in the amount of one hundred fifty million dollars ($150,000,000) to provide the moneys for the acquisition and development of lands needed for recreation purposes. (d) It is desirable for the people of this State to have prior notice of the proposed disposition and allocation of the proceeds of this bond issue.
