Los Angeles County Board of Supervisors Endorses Bond Measure To Fund Stem Cell Research
The Los Angeles County Board of Supervisors on Tuesday voted 4-1 to endorse Proposition 71, a bond measure scheduled to appear on the Nov. 2 statewide ballot that would provide funds for stem cell research, the Los Angeles Times reports (Los Angeles Times, 8/12). The measure would raise an average of $295 million annually for 10 years to promote stem cell research through the issuance of state bonds.
The measure would provide funds for a new stem cell research center at a University of California campus, as well as grants and loans for laboratory projects at other colleges. State analysts estimate that the measure would cost a total of $6 billion with interest (California Healthline, 8/11).