Governor of California Arnold Shwarzenegger on Thursday issued a loan of up to 150 million U.S. dollars to strengthen the state's stem cell research efforts.
Though U.S. President George W. Bush vetoed a bill of federal funding for embryonic stem cell research on Wednesday, Shwarzenegger said he was determined to boost stem cell research in his state.
"California is poised to lead not only this country, but all countries, on stem cell research," he said in a letter to state Finance Director Mike Genest.
"I believe it is critical we take action to ensure continued progress of this revolutionary science. This is another opportunity for the people of California to lead the way," Shwarzenegger said, who is also a fellow Republican of Bush.
In November 2004, the state of California passed Proposition 71, or the California Stem Cell Research and Cures Act, which funds stem cell research through the issuance of 3 billion dollars in bonds in 10 years.
The act also founded a new state agency, the California Institute for Regenerative Medicine, to manage stem cell research in the state.
Opposition groups, however, sued this initiative as calling it unconstitutional. After the state's trial court ruled that Proposition 71 was constitutional, the plaintiffs said they would appeal this decision.