SB 323 - This act establishes the eligibility criteria for awarding grants to umbilical cord blood banks. The Life Sciences Research Board shall award grants based on: (1) The ability of the applicant (2) The experience of the applicant (3) The applicant's commitment after the expiration of the contract. The grants will expand existing umbilical cord blood banks and establish new ones for the state of Missouri. The grants shall be awarded subject to appropriation of funds for that purpose. ANDY LYSKOWSKI