The state commission believes that once money is sent, New Jersey would become the first state to fund human embryonic stem cell research, according to information from the National Conference of State Legislatures and the International Society of Stem Cell Research, said commission spokeswoman Michelle Ruess.
the NJ stem cell Link http://www.state.nj.us/scitech/stem_research.html says they are the first
and the article you posted indicates that a bond approval was passed by the voters, there was nothing in the article to indicate that bonds were sold, research facilities applied for grants and that any California money was granted to any of said research facilities.
and this article states that the funding is tied up in a law suit,
so I guess the answer you are looking for is: wrong
If you need further information then you should check these two agencies cited in the original article I posted for this thread:
National Conference of State Legislatures and the International Society of Stem Cell Research, and Michelle Ruess