Bill Text: TX SB1924 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to the financial self-sufficiency of the Cancer Prevention and Research Institute of Texas.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-19 - Committee report sent to Calendars [SB1924 Detail]
Download: Texas-2017-SB1924-Comm_Sub.html
| By: Schwertner | S.B. No. 1924 | |
| (Price) | ||
|
|
||
|
|
||
| relating to the financial self-sufficiency of the Cancer Prevention | ||
| and Research Institute of Texas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter A, Chapter 102, Health and Safety | ||
| Code, is amended by adding Section 102.005 to read as follows: | ||
| Sec. 102.005. FINANCIAL SELF-SUFFICIENCY PLAN. (a) The | ||
| institute shall develop a detailed plan for the institute to become | ||
| financially self-sufficient and to continue operations without | ||
| state funds other than patent royalties and license revenues | ||
| realized as a result of projects undertaken with money awarded | ||
| under Subchapter E. | ||
| (b) The plan described by Subsection (a) must: | ||
| (1) specify the steps the institute will take to | ||
| accomplish the transition to financial self-sufficiency after | ||
| issuance of the $3 billion in general obligation bonds authorized | ||
| by Section 67, Article III, Texas Constitution; | ||
| (2) specify sources of funding other than state money | ||
| that may be used to operate the institute after issuance of the $3 | ||
| billion in general obligation bonds authorized by Section 67, | ||
| Article III, Texas Constitution; and | ||
| (3) describe the institute's method for structuring | ||
| each state-funded grant to ensure that a grant recipient completes | ||
| any contractual obligation for which the grant was awarded after | ||
| all of the $3 billion in general obligation bonds authorized by | ||
| Section 67, Article III, Texas Constitution, has been awarded to | ||
| reimburse grant recipients for allowable expenditures pursuant to | ||
| the institute's grant contract terms. | ||
| (c) The institute shall submit the plan described by | ||
| Subsection (a) to the legislature not later than December 1, 2018. | ||
| The institute shall submit any modification to the plan before | ||
| December 1 of each subsequent year. | ||
| (d) This section expires September 1, 2023. | ||
| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2017. | ||
