Proposition 38: Authorizes Bonds For Immunology Medical Research. Initiative Statute.
Proposition 38: Authorizes Bonds For Immunology Medical Research. Initiative Statute.
California would borrow $8.4 billion for immunology and immunotherapy research, splitting the money between one nonprofit institute affiliated with the University of California and grants to public and nonprofit institutions.
A Yes vote
A No vote
Proposal impacts
Impact on Funded treatment patients
Treatment buyers could pay 20 percent below the national average if funded research produces a covered product.
Treatment buyers today have no discount from this unapproved program. Existing state research bonds fund stem-cell studies.
Impact on Nonprofit research scientists
Nonprofit research scientists could seek immune system study grants through their California institutions.
Nonprofit research scientists can currently seek stem cell clinical trial grants through their institutions.
Impact on California taxpayers
State spending would add about $500 million to $600 million a year to repay the research borrowing.
State spending today supports a separate voter-approved stem-cell and gene-therapy funding program, without this proposed repayment cost.
Impact on Health department grant
Department grant staff would make agreements with institutions awarded immune system research money.
Department grant staff today do not manage this unapproved program. A separate state institute administers stem-cell research grants.
