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California stem cell debate goes back to court (Prop 71 borrowing fraud)
MarketWatch.com (by Dow Jones) ^ | 2/12/07 | Carolyn Pritchard

Posted on 02/13/2007 4:27:10 PM PST by SierraWasp

California stem cell debate goes back to court

By Carolyn Pritchard, MarketWatch Last Update: 6:15 PM ET Feb 13, 2007

SAN FRANCISCO (MarketWatch) -- The fight over control of $3 billion worth of funding for stem cell research in California goes back to court this week, as one side in the legal battle challenges an earlier court ruling on the constitutionality of the California Stem Cell Research and Cures Act.

The California Stem Cell Research and Cures Act, or Prop. 71, was approved by voters in 2004 and created a state-controlled agency to oversee the issuance of $3 billion in bonds. Those bonds translate into about $300 million a year in grants over 10 years for stem cell research at California universities and research institutions.

The plaintiffs -- People's Advocate, National Tax Limitation Foundation and the California Family Bioethics Council -- are appealing a ruling by an Alameda County Superior Court judge last April that Prop. 71 is constitutional and that the California Institute for Regenerative Medicine (CIRM), the agency created to manage the funding, is under state control.

The plaintiffs argue that Prop. 71 was unconstitutional and that the Independent Citizens Oversight Committee which governs CIRM is not under the exclusive management of the state because Prop. 71 didn't contain sufficient controls related to the spending of the bond money.

"The case that we're going to argue ... is on the morality of having the $3 billion that's been allocated, or funded, with bonds -- the morality of spending and dispersing those funds," Life Legal Defense attorney Terry Thompson said in an interview.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Culture/Society; Front Page News; Government; US: California
KEYWORDS: bogus; borrowing; schriverkennedy; schwartznegger; stemcell
The National Tax Limitation Foundation is definetely one of us!!!
1 posted on 02/13/2007 4:27:15 PM PST by SierraWasp
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To: Jim Robinson; Carry_Okie; NormsRevenge; calcowgirl; Czar; tubebender; hedgetrimmer; forester; ...
A "Power To The Taxpayers" PING!!!

No one but actual, bonafide state income tax payers should be allowed to vote on these stupid initiatives!!! (I know... I'm just Cauleeforneeah dreamin)

2 posted on 02/13/2007 4:34:32 PM PST by SierraWasp (Get the Recall petition papers ready for signing up to Recall Arnold in the Feb. 2008 Primary!!!)
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To: SierraWasp; Amerigomag

BUMP!!!

Hopefully they will succeed and obliterate the stupid Prop 71.
I wonder if they'll pay the state back the $150 million Arnie gave them.


3 posted on 02/13/2007 7:23:04 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: SierraWasp
Much deserved angst here this evening over the Austrian's legacy.

The die has been cast however. Better to look forward.

The next opportunity will be to work to defeat any proposal for an early, California, presidential primary in 2008 that would allow our unwanted European interloper a back door to a third term in office.

4 posted on 02/13/2007 7:36:46 PM PST by Amerigomag
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To: Amerigomag

an early, California, presidential primary in 2008

--

looks like a done deal, the Rudyites are rejoicing in the victory, already carving up the conservatives to feed to the vultures.

Looks like california gets to lead the country over the cliff and into the abyss..


5 posted on 02/13/2007 7:46:18 PM PST by NormsRevenge (Semper Fi ......)
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To: NormsRevenge
Looks like California gets to lead the country over the cliff and into the abyss.

The CAGOP has a plan. Erase the party's red ink through golden parachute sales.

6 posted on 02/13/2007 8:05:28 PM PST by Amerigomag
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