Children’s Hospital Projects. Grant Program. Bond Act. Initiative Statute. • Authorizes $750,000,000 in general obligation bonds, to be repaid from state’s General Fund, for grants to eligible children’s hospitals for construction, expansion, remodeling, renovation, furnishing and equipping children’s hospitals. • 20% of bonds are for grants to specified University of California general acute care hospitals; 80% of bonds are for grants to general acute care hospitals that focus on children with illnesses such as leukemia, heart defects, sickle cell anemia and cystic fibrosis, provide comprehensive services to a high volume of children eligible for government programs, and that meet other stated requirements. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: • State cost of about $1.5 billion over 30 years to pay off both the principal ($750 million) and the interest ($756 million) costs of the bonds. Payments of about $50 million per year.
Popular Vote Results
Y:6629095; A:58.3; N:4750309; B:41.7; Abst:1210279; C:9.61
Bond Act Act. Initiative Statute
TRENT DILFER, Parent; ERIKA FIGUEROA, Parent; DAVID LIU, Parent
GARY B. WESLEY, Attorney at Law
Rebuttal Against Author
JENNIFER HUMMER, Parent; DAVID LI, Parent; DEBBIE CERVANTES, Parent
Children's Hospital Projects. Grant Program. California Proposition 61 (2004).