PROPOSITION 38 AUTHORIZES BONDS FOR IMMUNOLOGY RESEARCH
On the ballot CA · 2026-11-03
In plain English
This ballot measure would authorize the state to borrow money by selling bonds. The money raised would be used to fund immunology research. Immunology is the study of how the body's immune system works and fights disease.
If this passes
What would actually change. No predictions, no opinions.
- The state would be allowed to sell bonds (a type of loan) to raise money for immunology research
- Borrowed money would be allocated to immunology research projects and programs
- The state would need to repay the borrowed money over time, plus interest
Who's funding each side
Supporting (Yes)
$125.2M
Top donors
Molly MungerAttorney, The Advancement Project
$65.5M SalomonSmithBarney$25.4M
The Timothy Draper Living Trust$18.3M
Opposing (No)
$122.8M
Top donors
Molly MungerAttorney, The Advancement Project
$65.5M CA Teachers Association Issues PAC$26.4M
California Teachers Assn. Issues PAC$5.2M
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candidates or measures. Every number on this page comes from official disclosure filings, cited below.
Sources
- Measure text and title: official ballot materials.
- Committee finance: campaign disclosure filings (Forms 460 & 497) filed with the California Secretary of State (Cal-Access).
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