Proposition 71 Legal Update

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For those who are following Proposition 71 in California, news from SFGate.com: "A Hayward judge rejected legal challenges to California's $3 billion stem cell research program Friday in a ruling that, if upheld on appeal, would clear a major obstacle that has kept the funds on hold for more than a year. The [decision] does not immediately release the flood of research money state voters approved in 2004 ... The funding stream -- as much as $300 million a year for about 10 years -- will come from the sale of state bonds. But the state treasurer's office has delayed the bond sale, because most investors will insist on a final resolution of all appeals in the case before purchasing the securities. And the plaintiffs have vowed in the past to pursue appeals all the way to the state Supreme Court."

Link: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/04/21/MNG2DIDEKI3.DTL