Proposition 14

Authorizes Bonds Continuing Stem Cell Research

initiative statute

Official Summary

Authorizes $5.5 billion state bonds for: stem cell and other medical research, including training; research facility construction; administrative costs. Dedicates $1.5 billion to brain-related diseases. Appropriates General Fund moneys for repayment. Expands related programs.

Fiscal Impact: Increased state costs to repay bonds estimated at about $260 million per year over the next roughly 30 years.

• Official CA Voter Guide Summary ; text of proposed law

• Legislative Analyst Office Analysis

• Show Me The Money

  • support: $12,810,328 - JDRF, ROBERT N. KLEIN

  • oppose: $250

• Ballotpedia Summary

• VotersEdge

Notes

In 2004, voters approved Proposition 71, which created CIRM and issued $3.00 billion in bonds to finance CIRM, and almost all of that money is gone. So this replenishes the funding source.

Repayment would amount to $260 million/yr.