California Proposition 61 (2004)
- California Proposition 61 (2004)
Proposition 61 was a proposition in the state of California on the November 2, 2004 ballot. It passed with 6,629,095 (58.3%) votes in favor and 4,750,309 (41.7%) against.
It was an initiative statute authorizing the sale of $750,000,000 in bonds to provide funding for children's hospitals. It was officially known as the "Children's Hospital Bond Act of 2004".
See also: List of California ballot propositions 2000-present
Official summary
*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.
External links
* [http://www.healthvote.org/index.php/site/prop_home/C25/ HealthVote.org: Neutral info & analysis about the implementation of Prop. 61 since it passed in 2004]
* [http://www.voterguide.ss.ca.gov/propositions/prop61-title.htm Voter Information Guide with text of Proposition 61]
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