Friday, February 23, 2007

CA Sen. Kuehl wants bigger revenues for state's stem-cell institute

A bill expected to be introduced as early as today would require companies doing business with California's $3 billion stem-cell institute to give the state a larger portion of their revenues than the institute has proposed. The bill by Sen. Sheila Kuehl, D-Los Angeles and Sen. George Runner, R-Lancaster, would require firms that make products based on the institute's stem-cell grants to pay the state up to 5 percent of the product's lifetime revenues.