{"id":1063079,"date":"2012-07-29T15:47:53","date_gmt":"2012-07-29T15:47:53","guid":{"rendered":"http:\/\/www.longevitymedicine.tv\/short-term-borrowing-to-continue-to-provide-california-stem-cell-cash\/"},"modified":"2024-08-17T20:26:54","modified_gmt":"2024-08-18T00:26:54","slug":"short-term-borrowing-to-continue-to-provide-california-stem-cell-cash-2","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/stem-cell-therapy\/short-term-borrowing-to-continue-to-provide-california-stem-cell-cash-2.php","title":{"rendered":"Short-term Borrowing to Continue to Provide California Stem Cell Cash"},"content":{"rendered":"<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/kysocGCNonzSEtwfwL2Qo5omB_o\/0\/da\"><img decoding=\"async\" src=\"http:\/\/www.longevitymedicine.tv\/wp-content\/plugins\/wp-o-matic\/cache\/8e0bf_di\" border=\"0\" style=\"padding-left:10px; padding-right: 10px;\"><\/a><br><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/kysocGCNonzSEtwfwL2Qo5omB_o\/1\/da\"><img decoding=\"async\" src=\"http:\/\/www.longevitymedicine.tv\/wp-content\/plugins\/wp-o-matic\/cache\/8e0bf_di\" border=\"0\" style=\"padding-left:10px; padding-right: 10px;\"><\/a><\/p><p>The California stem cell agency will continue to be funded with short-term borrowing -- commercial paper -- provided through the state treasurer's office,<b> J.T. Thomas<\/b>, chairman of the agency's governing board, said today.&nbsp;<\/p><div><\/div><div>Until late last year, the $3 billion agency was funded through state bond funds, but California Gov.<b> Jerry Brown <\/b>is trying to reduce the state's long-term debt load, which has skyrocketed in the last decade.&nbsp;<\/div><div><\/div><div>Thomas told directors this morning that short-term funding comes at \"the lowest possible interest rate.\" He said the arrangement leaves the agency in \"very good shape.\"<\/div><div><\/div><div>The state will provide the funding to CIRM on a month-to-month basis in addition to providing a two month cushion, Thomas said.&nbsp;<\/div><div><\/div><div>At some point, the short-term debt is likely to covered by state bonds. &nbsp;<a href=\"http:\/\/cirm.ca.gov\/files\/meetings\/pdf\/2012\/072612_item_5_Financial_Report.pdf\">As of June 30<\/a>, CIRM<\/div><div>had $50.9 million on hand, down $42 million from April 30. During the fiscal year ending June 30, the agency paid out $232.7 million compared to $201.4 million in the previous fiscal year.&nbsp;<\/div><div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"http:\/\/www.longevitymedicine.tv\/wp-content\/plugins\/wp-o-matic\/cache\/8e0bf_10000891-3652940476086512382?l=californiastemcellreport.blogspot.com\" alt=\"\" style=\"padding-left:10px; padding-right: 10px;\"><\/div><p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.longevitymedicine.tv\/wp-content\/plugins\/wp-o-matic\/cache\/8e0bf_3urbf8UmGl0\" height=\"1\" width=\"1\" style=\"padding-left:10px; padding-right: 10px;\">Source:<br><a href=\"http:\/\/californiastemcellreport.blogspot.com\/feeds\/posts\/default?alt=rss\">http:\/\/californiastemcellreport.blogspot.com\/feeds\/posts\/default?alt=rss<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The California stem cell agency will continue to be funded with short-term borrowing -- commercial paper -- provided through the state treasurer's office, J.T. Thomas, chairman of the agency's governing board, said today.&nbsp;Until late last year, the $3 billion agency &hellip; <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/stem-cell-therapy\/short-term-borrowing-to-continue-to-provide-california-stem-cell-cash-2.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25,1246878],"tags":[],"class_list":["post-1063079","post","type-post","status-publish","format-standard","hentry","category-stem-cell-therapy","category-stem-cells"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1063079"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=1063079"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/1063079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=1063079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=1063079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=1063079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}