Proposition Summary

CHILDREN'S HOSPITAL BOND ACT. GRANT PROGRAM. INITIATIVE STATUTE. Authorizes $980,000,000 in bonds, to be repaid from state’s General Fund, to fund the construction, expansion, remodeling, renovation, furnishing and equipping of children’s hospitals. Designates that 80 percent of bond proceeds go to hospitals that focus on children with illnesses such as leukemia, cancer, heart defects, diabetes, sickle cell anemia and cystic fibrosis. Requires that qualifying children’s hospitals provide comprehensive services to a high volume of children eligible for governmental programs and meet other requirements. Designates that 20 percent of bond proceeds go to University of California general acute care hospitals. Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact: State cost of about $2 billion over 30 years to pay off both the principal ($980 million) and the interest ($933 million) costs of the bonds. Payments of about $64 million per year.

Proposition Number

3

Year

2008

Document Type

Proposition

Pass/Fail

Pass

Popular Vote Results

Y:6984319;A:55.3;N:5654586;B:44.7

Election Type

General Election

Proposition Type

Initiative STATUTE

For Author

ROBIN MEEKS, Parent; MINDY VAZQUEZ, Parent; DIANE GIBSON, Parent

Against Author

LEWIS K. UHLER, President, National Tax Limitation Committee; EDWARD þTED' COSTA, President, People's Advocate; JON FLEISCHMAN, Publisher, Flashreport.org

Rebuttal Author

LEWIS K. UHLER, President, National Tax Limitation Committee; TED GAINES, California State Assemblyman; JAMES V. LACY Director, American Conservative Union

Rebuttal Against Author

ROBIN MEEKS, Parent; MINDY VAZQUEZ, Parent; DIANE GIBSON, Parent

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