What would the ballot measure issue bonds for? The ballot initiative would issue $5.5 billion in general obligation bonds for the California Institute for Regenerative Medicine (CIRM), which was created to fund stem cell research. In 2004, voters approved Proposition 71, which created CIRM, issued $3.00 billion in bonds to finance CIRM, and established a state constitutional right to conduct stem cell research.[1] As of October 2019, CIRM had $132 million in funds remaining.[2] On July 1, 2019, CIRM suspended applications for new projects due to depleted funds.[3] The ballot initiative would require CIRM to spend no more than 7.5 percent of the bond funds on operation costs. The remaining bond funds would be spent on grants to entities that conduct research, trials, and programs related to stem cells, as well as start-up costs for facilities. Some of the bond funds would be dedicated, including $1.5 billion for research on therapies and treatments for brain and nervous system diseases, such as Alzheimer's, Parkinson's, and dementia. Upwards of 1.5 percent of the total funds would be spent on Community Care Centers of Excellence (CCCE), which would be sites that conduct human clinical trials, treatments, and cures. Upwards of 0.5 percent of the total funds would be spent on the Shared Labs Program (SLP), which are state-funded facilities dedicated to research on human embryonic stem cells.[1] Provide 3 arguments in favor and 3 arguments against? What is your position and why