Sec. 19a-32c. Biomedical Research Trust Fund. Transfers from Tobacco Settlement Fund. Grants-in-aid.
Sec. 19a-32c. Biomedical Research Trust Fund. Transfers from Tobacco Settlement Fund. Grants-in-aid. There is created a Biomedical Research Trust Fund
which shall be a separate nonlapsing fund. The trust fund may accept transfers from the
Tobacco Settlement Fund and may apply for and accept gifts, grants or donations from
public or private sources to enable the account to carry out its objectives. On and after
July 1, 2001, the Commissioner of Public Health may make grants-in-aid from the trust
fund to eligible institutions for the purpose of funding biomedical research in the fields
of heart disease, cancer and other tobacco-related diseases. For the fiscal year ending
June 30, 2002, the total amount of such grants-in-aid made during the fiscal year shall
not exceed two million dollars. For the fiscal year ending June 30, 2003, and each fiscal
year thereafter, the total amount of such grants-in-aid made during the fiscal year shall
not exceed fifty per cent of the total amount held in the trust fund as of the date such
grants-in-aid are approved. Not later than April 1, 2001, the Commissioner of Public
Health shall develop an application for grants-in-aid under this section and may receive
applications from eligible institutions for such grants-in-aid on and after said date. For
purposes of this section, "eligible institution" means (1) a nonprofit, tax-exempt academic institution of higher education, or (2) a hospital that conducts biomedical research.
(P.A. 00-216, S. 17, 28.)
History: P.A. 00-216 effective June 1, 2000.
See Sec. 4-28e re Tobacco Settlement Fund.