California Proposition 61, Children's Hospital Bonds Initiative (2004)

California Proposition 61
Election date November 2, 2004
Topic Bond issues
Status a Approved
Type State statute	Origin Citizens

California Proposition 61 was on the ballot as an initiated state statute in California on November 2, 2004. It was approved.

A "yes" vote supported this bond measure to issue $750 million in bonds to provide funding for children's hospitals.

A "no" vote opposed this bond measure to issue $750 million in bonds to provide funding for children's hospitals.

Election results

California Proposition 61
Result		Votes	Percentage
Yes		6,629,095	58.26%
No		4,750,309	41.74%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Proposition 61 was as follows:

“

Children’s Hospital Projects. Grant Program. Bond Act. Initiative Statute.

”

Ballot summary

The ballot summary for this measure was:

“

Authorizes $1.5 billion in bonds, to be repaid from state’s General Fund, to fund grants for construction, expansion, renovation, and equipping of qualifying children’s hospitals. Designates 72 percent of funds to qualifying private nonprofit hospitals providing comprehensive services to high volumes of children eligible for governmental programs and children with special health needs eligible for the California Children’s Services program, 18 percent of funds to University of California general acute care children’s hospitals, and 10 percent of funds to public and private nonprofit hospitals providing services to children eligible for the California Children’s Services program.

”

Full Text

The full text of this measure is available here.

Fiscal impact statement

The fiscal impact statement was as follows:

“

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.

”

Path to the ballot

In California, the number of signatures required for an initiated state statute is equal to 5 percent of the votes cast at the preceding gubernatorial election. For initiated statutes filed in 2004, at least 373,816 valid signatures were required.

External links

• 2004 General Election Voter Guide