We have a long way to go and a lot of work to do.

This is really a historic and important occasion for us.

This program will be the most comprehensive and broadest program for stem cell research training in the country and I assume in the world.

It's a way of being sure we are ready to move when the money comes in and get our program under way immediately.

We won't be spending the kind of money we would if we could (sell) bonds. But we are going to use this year to prepare as thoroughly as possible for when that bond money does become available.

We want to hit the ground running once the money comes in. Rather than sending out a slow and gradual stream of funding, the plan now is to let a torrent of funding flow like waters set free from a sluice gate.

Scientists. What will not stop this from happening is government oversight.

It's almost equivalent to doing nothing.