A New York Stem Cell Institute
From the Business Review: "The state Assembly has approved legislation creating a New York State Institute for Stem Cell Research and Regenerative Medicine. The measure appropriates $300 million from the state's Health Care Reform Act over the next two years to foster research into chronic regenerative diseases." I have much the same commentary on this as on Proposition 71 and the California Institute for Regenerative Medicine - it's hard to say what hinderances to serious research were slipped into that bill, deliberately or otherwise. Over a decade or more, regulation can easily cause far more economic damage to scientific progress than the tax dollars disbursed by this legislation.
Link: http://albany.bizjournals.com/albany/stories/2006/01/09/daily28.html