The proceeds of interim debt and bonds issued and sold pursuant to this article shall be deposited in the State Treasury to the credit of the California Stem Cell Research and Cures Fund, which is hereby created in the State Treasury, except to the extent that proceeds of the issuance of bonds are used directly to repay interim debt.
Cal. Health & Safety Code § 125291.25
California Stem Cell Research and Cures Bond Act of 2004
Known as the California Stem Cell Research and Cures Bond Act
The act spans §§ 125291–125291 (16 sections).
Added November 2, 2004, by initiative Proposition 71, Sec. 5.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.