PROSTATE CANCER RESEARCH FUND S.B. 16 (S-1): FLOOR ANALYSIS
Senate Bill 16 (Substitute S-1 as reported)
Sponsor: Senator Buzz Thomas
Committee: Finance
CONTENT
The bill would create the "Prostate Cancer Research Fund Act" to establish the Prostate Cancer Research Fund in the Department of Community Health, to provide funds to promote research in Michigan relating to prostate cancer. The money, interest, and earnings of the Fund could be spent solely for grants to any of the following:
-- A medical school located in this State.
-- A hospital located in this State that specializes in the treatment of cancer.
-- A hospital located in an urban area in this State that provides services to African-American men.
Money from the Fund could be used as matching funds for a Federal grant or a grant from the National Cancer Institute.
The State Treasurer would have to credit to the Fund all amounts appropriated for this purpose under the Income Tax Act (from taxpayer contributions pursuant to Senate Bill 347).
The bill is tie-barred to Senate Bill 347, which would amend the Income Tax Act to allow taxpayers to designate contributions to various funds, and require the Department of Treasury to create a schedule of contribution designations.
Legislative Analyst: Craig Laurie
FISCAL IMPACT
The bill could create a minor, indeterminate increase in administrative cost for the Department of Community Health associated with the distribution of Prostate Cancer Research Fund revenue.
This legislation could have a positive financial impact upon publicly operated hospitals and medical schools. The extent of this impact would be determined by the amount of funding allocated to these institutions from the Prostate Cancer Research Fund and any Federal funds these institutions could leverage with a grant.
Date Completed: 3-23-07 Fiscal Analyst: David Fosdick
Stephanie Yu
floor\sb16 Analysis available @ http://www.michiganlegislature.org
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.
Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. sb16/0708