| SB 0648 | Allows the Missouri Development Finance Board to create a life sciences funding district |
| Sponsor: | Shields | |||
| LR Number: | 1530L.01I | Fiscal Note: | 1530-01 | |
| Committee: | Economic Development, Tourism & Local Government | |||
| Last Action: | 04/14/03 - SCS Voted Do Pass S Economic Development, Tourism & | Journal page: | ||
| Local Government Committee (1530S.02C) | ||||
| Title: | SCS SB 648 | |||
| Effective Date: | August 28, 2003 | |||
SCS/SB 648 - This act allows the Missouri Development
Finance Board to designate a life sciences funding district
within state universities. The Board must notify each taxing
district located within a life sciences funding district of the
designation. A "Life Sciences Research Fund" is established
within the State Treasury and shall disburse all new tax revenues
and payments in lieu of taxes to the state university within the
life sciences funding district for the purpose of funding life
sciences projects. State universities must submit to the Board a
strategic plan that details the goals of the research prior to
receiving any funds for the project.
RICHARD MOORE