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NJ to vote on stem cell bond act

The state decides on $450 million for research

Andrea Gawrylewski
New Jersey residents will vote tomorrow (November 6) whether to devote $450 million to stem cell research over the next ten years.The referendum, introduced by state Governor Jon Corzine in July, would, if passed, put New Jersey among a group of states, including California, New York and Massachusetts, that have devoted extensive funds to stem cell research. According to the Governor's press release, this act "authorizes the sale of state general obligation funds in the amount of $450 million over 10 years" to be given to stem cell researchers. Under conditions of a bond sale, which is like taking a loan from the state funds, purchasers are exempt from interest on the bond, which is paid by the state. The release does not say whether this money can be directed toward research on human embryonic stem cells or somatic cell nuclear transfer -- both of which are permitted...

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