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Prop. 71Stem Cell Research

Summary from the 2004 ballot pamphlet
This measure establishes “California Institute for Regenerative Medicine” to regulate and fund stem cell research, constitutional right to conduct such research, and oversight committee. Prohibits funding of human reproductive cloning research. 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. State payments averaging about $200 million per year.

Outcome: Voters approved creation of the “California Institute for Regenerative Medicine” and the sale of $300 billion in bonds with 59.1 percent of voters for the measure and 40.9 percent against it.
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