California Health and Safety Code

§ 125290.70.5

HSC § 125290.70.5Div. 106 · Part 5 · Ch. 3 · Art. 1

Statute text

Appropriation and Allocation of Funding

(a)Moneys in the California Stem Cell Research and Cures Fund shall be allocated as follows:

(1)(A) No less than 95.5 percent of the proceeds of the bonds authorized pursuant to Section 125291.110, net of bond proceeds allocated to purposes described in paragraphs (4) and (5) of subdivision (a) of Section 125291.100, shall be used for grants and grant oversight as provided in this chapter.

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Legislative history

Added November 3, 2020, by initiative Proposition 14, Sec. 17. Effective on December 16, 2020.