The state could borrow $8.4 billion to support medical research in immunology and immunotherapy conducted by California research institutes and universities.
PROP38
California · November 3, 2026 · upcoming
AUTHORIZES BONDS FOR IMMUNOLOGY MEDICAL RESEARCH.
Authorizes $8.4 billion in general obligation bonds for immunology and immunotherapy research, half to a single University of California-affiliated nonprofit medical research institute, half to research grants.
What your vote means
Yes or No, in the state's words
The state could not borrow $8.4 billion to support medical research in immunology and immunotherapy conducted by California research institutes and universities.
What the state says it may cost or change
Increased state cost of $500 million to $600 million annually for about 20 years to repay the research bond, with some or all of the cost offset if the funded research generates revenue.
Read the full analysis
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Attributed positions
Who the official quick guide lists
Michael J. Fox Foundation; Alzheimer’s Los Angeles; Kidney Cancer Assoc; American Nurses Assoc\CA
Robert M Kaplan Ph.D.
Arguments are the opinions of their authors and have not been checked for accuracy by an official agency.