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AUTHORIZES BONDS FOR IMMUNOLOGY MEDICAL RESEARCH. INITIATIVE STATUTE. Authorizes $8.4 billion in general obligation bonds for immunology and immunotherapy research, half to a single University of California-affiliated nonprofit medical research institute, half to research grants.
Fiscal Impact: Increased state cost of $500 million to $600 million annually for about 20 years to repay the research bond, with some or all of the cost offset if the funded research generates revenue.
Supporters: Michael J. Fox Foundation; Alzheimer’s Los Angeles; Kidney Cancer Assoc; American Nurses Assoc\CA
Opponents: Robert M. Kaplan, Ph.D.
AUTHORIZES BONDS FOR IMMUNOLOGY MEDICAL RESEARCH. INITIATIVE STATUTE. Authorizes $8.4 billion in general obligation bonds for immunology and immunotherapy research, half to a single University of California-affiliated nonprofit medical research institute, half to research grants.
Fiscal Impact: Increased state cost of $500 million to $600 million annually for about 20 years to repay the research bond, with some or all of the cost offset if the funded research generates revenue.
Supporters: Michael J. Fox Foundation; Alzheimer’s Los Angeles; Kidney Cancer Assoc; American Nurses Assoc\CA
Opponents: Robert M. Kaplan, Ph.D.