If the original initiative that provided the starting funds for the CAHSR was a prospectus for stocks or bonds, the group behind that would have been facing serious charges from the FEC. I agree with Woke in stating that there was no way that the CAHSR could have been built with the proposed funding. In an ideal world, the drafters of the initiative would have consulted with experienced project managers on what would be involved before starting the initiative process.
My recollection was that I voted ‘no’ on that initiative as I didn’t think it was feasible.