Tracking Virginia’s General Assembly
since 2007.
HB2256: Christopher Reeve Stem Cell Research Fund; Fund used for research with human embryonic stem cells.
Be it enacted by the General Assembly of Virginia:
1. That § 23-286.1 of the Code of Virginia is amended and reenacted as follows:
§ 23-286.1. Christopher Reeve Stem Cell Research Fund.
A. From such funds as may be appropriated by the General Assembly and any gifts, grants, or donations from public or private sources, there is hereby created in the state treasury a special, nonreverting, revolving and permanent fund, to be known as the Christopher Reeve Stem Cell Research Fund (the Fund). The Fund shall be established in the books of the State Comptroller and shall be administered by the Commonwealth Health Research Board, the independent body created in Chapter 22 (§ 23-277 et seq.). Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund at the end of each fiscal year, including interest thereon, shall not revert to the general fund but shall remain in the Fund. Expenditures and disbursements from the Fund, which may consist of grants, donations, or other assistance, shall be made by the State Treasurer on warrants issued by the Comptroller upon written request bearing the signature of the chairman or the vice-chairman of the Commonwealth Health Research Board.
B. Moneys in the Fund shall be used solely to support medical and biomedical stem cell research conducted in Virginia institutions of higher education that relates to the causes and cures of disease, including, but not limited to, paralysis caused by spinal cord injury, diabetes, cancer, heart disease, and neurological disorders, such as amyotrophic lateral sclerosis (Lou Gehrig's disease) and multiple sclerosis.
C. The grants, donations, or other assistance provided
hereunder shall be awarded in accordance with the Commonwealth Health Research
Board's specific criteria and procedures, requirements for submission of
research proposals, and evaluation mechanisms established pursuant to Chapter
22 (§ 23-277 et seq.). However, no requirement for matching funds shall apply
to the grants, donations, or other assistance awarded pursuant to the
Christopher Reeve Stem Cell Research Fund and the leveraging of funds shall be
incidental to the support provided under this section. The grants, donations,
or other assistance provided hereunder may be awarded to support stem cell
research that is not eligible for federal research funds through the National
Institutes of Health. No moneys from the Fund may be provided to any
entity that conducts human stem cell research from stem cells obtained from
human embryos, or for conducting such research; however, research conducted
using stem cells other than embryonic stem cells may be funded.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.
