"Stem cell debate resurfaces after lingering in background; Restrictions on funding, research gain prominence" by Carolyn Y. Johnson, Globe Staff | October 17, 2008
In Massachusetts, the funding challenge prompted an unprecedented collaboration between scientists, donors, hospitals, and Harvard University. Embryonic stem cell research is also supported by the state's $1 billion investment in biotechnology. --more--"
So that is where the billion dollar giveaway is going.