1.1 	A bill for an act
1.2 	relating to economic development; appropriating money to the commissioner 
1.3 	of employment and economic development for biotechnology and medical 
1.4 	genomics research.
1.5 	 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	 Section 1. APPROPRIATION; REPORT.
 1.7 	$18,000,000 is appropriated in fiscal year 2007 from the general fund to the 
1.8 	commissioner of employment and economic development for the direct and indirect 
1.9 	expenses of the collaborative research partnership between the University of Minnesota 
1.10 	and the Mayo Foundation for research in biotechnology and medical genomics.  This is 
1.11 	a onetime appropriation.  An annual report on the expenditure of these funds must be 
1.12 	submitted to the governor and the chairs of the senate Higher Education Budget Division; 
1.13 	the house Higher Education Finance Committee; the senate Environment, Agriculture and 
1.14 	Economic Development Budget Division; and the house Jobs and Economic Opportunity 
1.15 	Policy and Finance Committee by June 30 of each fiscal year until the appropriation is 
1.16 	expended.  This appropriation is available until expended.