CIRM Bonds: 3.55 Percent vs. 5.168 Percent Interest
When Prop. 71 was passed, even well-informed voters believed that the new California stem cell agency would use $3 billion in NON-taxable bonds to finance its activities.
The issue is significant because it costs the state a great deal more to use taxable bonds, which were exactly what was used on Thursday.
The California Stem Cell Report asked the stat…
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