Proposition 38
AUTHORIZES BONDS FOR IMMUNOLOGY MEDICAL RESEARCH. INITIATIVE STATUTE.
Authorizes $8.4 billion in general obligation bonds for immunology and immunotherapy research, half to a single University of California-affiliated nonprofit medical research institute, half to research grants. 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.
Criteria:
- Intent of bond and amount of the bond.
2. The annual cost should be clearly stated in $ per $100,000 of assessed value of a property, or dollars or percentages.
3. Duration of the bond and total estimated cost to repay the bond including interest.
4. Is there another similar bond already in place? If so, that bond information should be included.
5. What is the money specifically being spent on?
**** Extraneous language unrelated to the matter which could be considered as deceptive to the voter ( -1 point).
Score: 3.1
