Fifteen months after California voters passed legislation authorizing the state to pump $3 billion into stem cell research over 10 years, not a penny has been allocated or spent -- the result of two pending lawsuits. But these roadblocks haven't stopped organizers, who continue to approve grants, adopt ethical guidelines, and otherwise move forward with the still-phantom project.The California Institute of Regenerative Medicine, the body set up to administer the massive project, has been operating on $3 million in loans from the state and a $5 million philanthropic grant, and is currently funded through June, Nicole Pagano, the institute's spokeswoman, told The Scientist. The institute also has approved $38.9 million in training grants to 16 state institutions, expected to come out of $50 million bond anticipation notes that should be approved in the coming weeks, Pagano noted. And CIRM's governing body, the Independent Citizens' Oversight Committee (ICOC), is...

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