California Proposition 61 (2004) 1072892 128441652 2007-05-05T15:51:49Z BrownHairedGirl 754619 categorise under [[Category:Referendums by year]] using [[Project:AWB|AWB]] '''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 [[Bond (finance)|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] [[Category:California ballot propositions|61]] [[Category:2004 in law]] [[Category:2004 referendums]] [[Category:2004 in the United States]]