California Proposition 61 (2004)
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2007-05-05T15:51:49Z
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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]]