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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