SACRAMENTO (CBS13) — A bond measure aimed at helping construct, expand and renovate hospitals that treat children is the last of three bond measures on the California ballot this year.

Proposition 4 was placed on the ballot by petition signatures and would create $1.5 billion in funds through bond sales.

PROPOSITION 4 FAST FACTS

WHAT YOUR VOTE MEANS

  • YES vote on this measure means: The state could sell $1.5 billion in general obligation bonds for the construction, expansion, renovation, and equipping of certain hospitals that treat children.
  • NO vote on this measure means: The state could not sell the $1.5 billion in general obligation bonds proposed for these purposes.

FISCAL IMPACT

  • Increased state costs to repay bonds averaging about $80 million annually over the next 35 years.
  • Authorized new borrowing: $1.5 billion
  • Average annual cost to repay: $80 million
  • Likely repayment period: 35 years
  • Source of repayment: General tax revenue
  • Ballot impact data and vote text from the California Legislative Analyst’s Office

READ THE PROPOSED LAW

Funds would go to three purposes

  • 18 percent would go to grants available to five UC children’s hospitals, including UC Davis.
  • 72 percent would go to grants for other children’s’ hospitals.
  • 10 percent would go to hospitals that provide pediatric hospitals to children eligible for the California Children’s Services Program.

The $1.5 billion bond would be repaid at a rate of $80 million a year for 35 years.

Projects that receive funds from this would have to be completed in a “reasonable” period of time. Failure to do so could result in the beneficiary returning a part of all of the grant.

2018 CALIFORNIA BALLOT PROPOSITIONS

  • PROPOSITION 1
    Authorizes Bonds to Fund Specified Housing Assistance Programs. Legislative Statute.
  • PROPOSITION 2
    Authorizes Bonds to Fund Existing Housing Program for Individuals With Mental Illness. Legislative Statute.
  • PROPOSITION 3
    Authorizes Bonds to Fund Projects for Water Supply and Quality, Watershed, Fish, Wildlife, Water Conveyance, and Groundwater Sustainability and Storage. Initiative Statute.
  • PROPOSITION 4
    Authorizes Bonds Funding Construction at Hospitals Providing Children’s Health Care. Initiative Statute.
  • PROPOSITION 5
    Changes Requirements for Certain Property Owners to Transfer Their Property Tax Base to Replacement Property. Initiative Constitutional Amendment and Statute.
  • PROPOSITION 6
    Eliminates Certain Road Repair and Transportation Funding. Requires Certain Fuel Taxes and Vehicle Fees Be Approved by the Electorate. Initiative Constitutional Amendment.
  • PROPOSITION 7
    Conforms California Daylight Saving Time to Federal Law. Allows Legislature to Change Daylight Saving Time Period. Legislative Statute.
  • PROPOSITION 8
    Regulates Amounts Outpatient Kidney Dialysis Clinics Charge for Dialysis Treatment. Initiative Statute.
  • PROPOSITION 9
    Removed from the ballot
  • PROPOSITION 10
    Expands Local Governments’ Authority to Enact Rent Control on Residential Property. Initiative Statute.
  • PROPOSITION 11
    Requires Private-sector Emergency Ambulance Employees to Remain on-call During Work Breaks. Eliminates Certain Employer Liability. Initiative Statute.
  • PROPOSITION 12
    Establishes New Standards for Confinement of Specified Farm Animals; Bans Sale of Noncomplying Products. Initiative Statute.
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s