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Children’s Hospital Program of 2018 -Eligible Hospitals

State Treasurer's Office · 1593

Eligibility details

A hospital that provides pediatric services to children eligible for the California Children’s Services program that is either: (1) a public hospital as defined in Welfare and Institutions Code Section 14105.98(a)(25), or (2) a general acute care hospital licensed pursuant to Health and Safety Code Section 1250 that is, or is an operating entity of, a California nonprofit corporation.

Matching funds & resources

Source matching-funds field: Not Required.

Matching funds and leveraged resources are different requirements. Read the description and reviewed rules below before determining resource commitments.

About this opportunity

On November 6, 2018, California voters passed Proposition 4, the Children's Hospital Bond Act of 2018. The purpose of the program is to improve the health and welfare of California’s critically ill children, by providing a stable and ready source of funds for capital improvement projects for eligible hospitals. The California Health Facilities Financing Authority (CHFFA) is responsible for administering the program. Language in Proposition 4 identifies private nonprofit hospitals that provide pediatric services for children eligible for the California Children’s Services (CCS) program (referred to as “Eligible Hospitals”) as eligible for $150 million in funding. Grant awards for each Eligible Hospital is limited to $15 million less costs of issuance and administrative costs. Costs of issuance are $0.75 per $1,000 of the authorized grant award and administrative costs are $10.00 per $1,000 of the authorized grant award. Eligible Hospital grants will be awarded on a competitive basis.

Funding geography: None.

Funding instrument: Grant. Issuing jurisdiction: California. This is not a geographic eligibility determination.