Funds flowing.

Funds Flowing: At least three Los Angeles-area academic institutions said they have begun receiving their first stem cell research-related funding from Proposition 71. In ail, 16 California non-profit institutions have received $12 million in training grants for stem cell researchers from the California Institute of Regenerative Medicine, whose $3 billion in voter-approved bond sales so far have been blocked by opponents. In the interim the institute's board last week approved the sale of $14 million of bond anticipation notes to six California philanthropic entities. The UCLA Institute for Stem Cell Biology and Medicine received $1.23 million, the first installment of a $3.75 million training grant approved last September. The grant will train at least 16 pre-doctoral, post-doctoral and clinical research scholars.