CHA News Article

Upcoming Webinar Will Provide Update on Children’s Hospital Bond Act of 2018
Overview, question and answer session will be offered

On Feb. 5 from 10:30 a.m. to noon (PT), the California Health Facilities Financing Authority (CHFFA) will host a webinar to address implementation of Proposition 4, the Children’s Hospital Bond Act of 2018.

The webinar will provide an overview of the program as well as a question and answer session. CHFFA is currently developing proposed regulations to implement the program and will use feedback received during the webinar in this process.

As shared previously in CHA News, California voters passed Proposition 4 in 2018, authorizing the state to issue $1.5 billion in general obligation bonds for capital improvement projects. Of the $1.5 billion in awards, $1.08 billion will be available for eligible children’s hospitals, $270 million will be available for University of California children’s hospitals, and the remaining $150 million will be available for public or private nonprofit hospitals that provide pediatric services for children in the California Children’s Services Program.

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