1.1 	A bill for an act
1.2 	relating to economic development; appropriating money
1.3 	to the Board of Regents of the University of Minnesota
1.4 	for biotechnology and medical genomics research.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. APPROPRIATION.
 1.7 	$18,000,000 in fiscal year 2006 and $15,000,000 in fiscal
1.8 	year 2007 are appropriated from the general fund to the Board of
1.9 	Regents of the University of Minnesota to fund a joint
1.10 	partnership with the University of Minnesota and the Mayo
1.11 	Foundation for research in biotechnology and medical genomics.
1.12 	This appropriation funds operating costs of the collaboration on
1.13 	a reimbursement basis, including salaries, and indirect
1.14 	operating costs at the federally negotiated rate of each
1.15 	institution, but does not include capital.  This appropriation
1.16 	must be expended consistent with the continuation of the
1.17 	business plan developed by the University of Minnesota and the
1.18 	Mayo Foundation submitted to the governor by October 1, 2003.
1.19 	This appropriation is available until spent.