SF 1309

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to economic development; appropriating money
to the Board of Regents of the University of Minnesota
for biotechnology and medical genomics research.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin APPROPRIATION.
new text end

new text begin $18,000,000 in fiscal year 2006 and $15,000,000 in fiscal
year 2007 are appropriated from the general fund to the Board of
Regents of the University of Minnesota to fund a joint
partnership with the University of Minnesota and the Mayo
Foundation for research in biotechnology and medical genomics.
This appropriation funds operating costs of the collaboration on
a reimbursement basis, including salaries, and indirect
operating costs at the federally negotiated rate of each
institution, but does not include capital. This appropriation
must be expended consistent with the continuation of the
business plan developed by the University of Minnesota and the
Mayo Foundation submitted to the governor by October 1, 2003.
This appropriation is available until spent.
new text end