Bill Text: TX SB197 | 2015-2016 | 84th Legislature | Comm Sub
Bill Title: Relating to the financial self-sufficiency of the Cancer Prevention and Research Institute of Texas.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Engrossed - Dead) 2015-05-26 - Point of order sustained [SB197 Detail]
Download: Texas-2015-SB197-Comm_Sub.html
| 84R27499 JSC-D | ||
| By: Schwertner, et al. | S.B. No. 197 | |
| (Keffer) | ||
| Substitute the following for S.B. No. 197: No. | ||
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| 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 plan that specifies how the institute | ||
| will become financially self-sufficient and continue to operate | ||
| without primarily 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 Article III, Section 67 of the Texas Constitution; | ||
| (2) specify potential sources of funding other than | ||
| state money to be used to operate the institute after issuance of | ||
| the $3 billion in general obligation bonds authorized by Article | ||
| III, Section 67 of the Texas Constitution; | ||
| (3) provide a projection of patent royalties and | ||
| license revenues to be realized annually as a result of projects | ||
| undertaken with money awarded under Subchapter E for a period | ||
| extending through at least 2030; | ||
| (4) describe how the institute will structure | ||
| state-funded grants, to ensure that all recipients of grants that | ||
| use state money may complete any work for which the grant was made | ||
| after the last of the $3 billion in general obligation bonds | ||
| authorized by Article III, Section 67 of the Texas Constitution is | ||
| used to reimburse grant awardees for allowable expenditures | ||
| pursuant to institute award contract terms; | ||
| (5) provide an assessment of how much funding would be | ||
| required to, at a minimum, manage and protect the state's $3 billion | ||
| investment in cancer research and prevention beyond the issuance of | ||
| the $3 billion in general obligation bonds authorized by Article | ||
| III, Section 67 of the Texas Constitution; | ||
| (6) provide an estimate of the effect on cancer | ||
| incidence and mortality rates in Texas if the institute is not | ||
| extended beyond the issuance of the $3 billion in general | ||
| obligation bonds authorized by Article III, Section 67 of the Texas | ||
| Constitution; and | ||
| (7) provide an estimate of the economic impact in | ||
| Texas if the institute is not extended beyond the issuance of the $3 | ||
| billion in general obligation bonds authorized by Article III, | ||
| Section 67 of the Texas Constitution. | ||
| (c) The institute shall submit the initial plan to the | ||
| legislature not later than December 1, 2016. The institute shall | ||
| submit an updated plan before December 1 of each subsequent year. | ||
| (d) This section expires September 1, 2021. | ||
| 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, 2015. | ||
