Proposition 38: Authorizes $8.4 billion in bonds to fund immunology and immunotherapy research. A select research institute affiliated with the University of California would receive half of the funding, and the other half would be distributed to select public universities and non-profits.
Immunotherapy is treatment that uses the body’s immune system, usually your own, to attack cancer, according to the American Cancer Society. The California Department of Public Health would select the institute to receive of a portion of the funding, one that specializes in immunology and immunotherapy. Opposers says that while the State should support medical research, this measure would commit taxpayers to decades of new bond debt.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.
"Yes" Vote: The state would be allowed to borrow $8.4 billion in bonds to support medical research in immunology and immunotherapy.
"No" Vote: The state would not be allowed to borrow $8.4 billion in bonds to support medical research in immunology and immunotherapy.
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