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Make Your Voice Heard California Statewide November 2, 2004 General Election
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  propositions
 
Ballot Measure Summary
   
 
Proposition 1A
   
 
Proposition 59
   
 
Proposition 60
   
 
Proposition 60A
   
 
Proposition 61
   
 
Proposition 62
   
 
Proposition 63
   
 
Proposition 64
   
 
Proposition 65
   
 
Proposition 66
   
 
Proposition 67
   
 
Proposition 68
   
 
Proposition 69
   
 
Proposition 70
   
 
Proposition 71
   
 
Proposition 72
   
 
Bond Overview
   
  Analysis | Arguments and Rebuttals | Text of Proposed Laws

OFFICIAL TITLE AND SUMMARY
Prepared by the Attorney General

Proposition 71

Stem Cell Research. Funding. Bonds.
Initiative Constitutional Amendment and Statute.

  • 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 Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

  • 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 averaging about $200 million per year.
  • Unknown potential state and local revenue gains and cost savings to the extent that the research projects funded by this measure result in additional economic activity and reduced public health care costs.



 
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