In the recent election California passed some bond
issues. My question is do these bonds generate the
amount of money requested or just a fraction of it.
In my state a bond authorization is just that…an authorization. It’s the limit they can raise. That said, California can raise exactly that much if she wants to. They will predict the yield spread based on its credit rating and interest rates just to see how many bonds they need to sell, but the total can certainly be achieved.