Posted on 06/12/2005 6:43:30 AM PDT by Calpernia
TRENTON, N.J. (AP) _ Acting Gov. Richard J. Codey followed up on a promise to keep New Jersey in the forefront of stem-cell research Thursday by introducing legislation that would provide a big financial boost.
In his State of the State speech in January, Codey said he would dedicate $150 million to a stem-cell research facility in New Brunswick.
In addition to that money, the bill would provide the neglected state park system with $75 million for repairs and maintenance and dedicate $60 million for biomedical research.
It would allow the state to tap unused bond capacity _ loans approved to plug last year's budget gap but not ultimately used _ for the stem cell and parks funding. None of the money would come from the state's operating budget. (snip) A companion bill has been introduced in the Assembly.
(Excerpt) Read more at newsday.com ...
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