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$3 Billion for ESC research in California.

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    $3 Billion for ESC research in California.

    May be old news .....

    California Secretary of State link

    Propositions that are on the
    November 2, 2004, General Election Ballot

    Initiative Constitutional Amendment and Statute
    Proposition 71


    1021. (SA03RF0055, Amdt. #1-NS). Stem Cell Research. Funding. Bonds. Initiative Constitutional Amendment and Statute.


    Proponents: Roberta B. Johansen and James C. Harrison, c/o Remcho, Johansen & Purcell (323) 468-3391


    Establishes "California Institute for Regenerative Medicine" to regulate stem cell research and provide funding, through grants and loans, for such research and research facilities. Establishes constitutional right to conduct stem cell research; prohibits Institute's funding of human reproductive cloning research. Establishes oversight committee to govern Institute. Provides General Fund loan up to $3 million for Institute's initial administration/implementation costs. Authorizes issuance of general obligation bonds to finance Institute activities up to $3 billion subject to annual limit of $350 million. Appropriates monies from General Fund to pay for bonds. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: State cost of about $6 billion over 30 years to pay off both the principal ($3 billion) and interest ($3 billion) on the bonds. Payments of about $200 million per year.

    See also http://www.sacbee.com/state_wire/sto...10913667c.html

    [This message was edited by rdco on 07-15-04 at 10:47 PM.]

    #2
    3 billion for esc...wow. this would cover bush's restriction and then some. liberals do have their good side. although this would happen under a republican governor... [img]/forum/images/smilies/wink.gif[/img]

    Comment


      #3
      3 billion for ESC reseach? What about all those scientists who are kicking major booty with ASC? No problems with tumors or teratomas. No problem with immune rejection. Just a cure for what ails ya.

      Oh well. ESC is getting shortchanged. Let's give three billion only to them! Does anyone feel better? I certainly do! [img]/forum/images/smilies/smile.gif[/img]

      ~See you at the SCIWire-used-to-be-paralyzed Reunion ~
      ~See you at the CareCure-used-to-be-paralyzed Reunion ~

      Comment


        #4
        Originally posted by Jeff:

        3 billion for ESC reseach? What about all those scientists who are kicking major booty with ASC? ~
        Jeff, I don't think the initiative makes a determination one way or the other. Besides, it has to pass first!

        Comment


          #5
          Arnold is already doing it in Germany

          He knows we need it.

          Brian C/5
          http://bspill1.home.comcast.net

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