KESQ Voter Guide: Prop 14
- Stem Cell Research Institute Bond Initiative
- 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.
- What does a Yes vote mean?
- The state could sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California
- What does a No vote mean?
- The state could not sell $5.5 billion in general obligation bonds primarily for stem cell research and the development of new medical treatments in California
- Fiscal Impact:
- Increased state costs to repay bonds estimated at about $260 million per year over the next roughly 30 years
