California · Bond question · put on the ballot by petition · Nov 3, 2026
Proposition 38
Authorizes Bonds for Immunology Medical Research
What it says
Authorizes $8.4 billion in state general obligation bonds for immunology and immunotherapy research, with at least half dedicated to cancer, heart disease, and Alzheimer's disease. Allocates funds equally between a single UC-affiliated nonprofit medical research institute and competitive research grants for public or nonprofit universities and institutions. Requires funding recipients to sell technology and drugs derived from research in California for 20% below national average price. General Fund repays bonds; General Fund receives 10% of licensing royalties until bonds are repaid. Estimated state cost of $500–$600 million annually for about 20 years.
This is a summary from the state's own official materials, shown as published. Read the full text at the source, and check your state's election office for the final word on what is on your ballot. Official source ↗(opens in a new tab) Download the official file ↗(opens in a new tab)
Other measures in California
- Proposition 1 · Authorizes Bonds for Housing Affordability Programs
- Proposition 2 · Increases State's Rainy Day Fund
- Proposition 3 · Provides Permanent Funding for Schools and Health Care by Extending Existing Tax on High Incomes
- Proposition 4 · Repeals Prohibition Against Public Funding of Election Campaigns
- Proposition 5 · Changes Recall Election Process for Statewide Officers
- Proposition 39 · Prohibits Citizens from Voting Unless They Present Government-Issued Identification
- Proposition 40 · Imposes One-Time Tax on Certain Taxpayers
- Proposition 41 · Prohibits New State Taxes That Exclude Revenues From State Spending Limit; Requires Audits for New State Special Taxes
- Proposition 37 · Creates Loan Program for Middle-Income Buyers of Qualified New Homes
- Proposition 44 · Requires Community Health Clinics to Spend 90% of Revenue on Program Services
- Proposition 45 · Modifies Environmental Review for Certain Projects
- Proposition 42 · Prohibits New State Personal Property Taxes and Certain Retroactive State Taxes
- Proposition 43 · Limits Voters' Ability to Raise Revenues for Local Government Services