Texas Senate Bill SB200

Texas 2019 - 86th Regular

Caption

Relating to the financial self-sufficiency of the Cancer Prevention and Research Institute of Texas.

Impact

If enacted, SB200 will have significant implications for the operational structure of the Cancer Prevention and Research Institute. By requiring the institute to generate alternative funding streams to maintain its activities, the bill promotes fiscal responsibility and sustainability. Furthermore, it necessitates accountability in how grants are structured and disbursed to ensure that they align with the institute’s objectives and funding sources, which is expected to foster a more robust financial framework.

Summary

SB200 aims to ensure that the Cancer Prevention and Research Institute of Texas becomes financially self-sufficient. The bill mandates the institute to develop a comprehensive plan detailing how it will transition away from reliance on state funds, except for revenues generated from patent royalties and licensing fees. This strategic plan is intended to secure the institute’s operations post-issuance of $3 billion in general obligation bonds, thereby supporting ongoing projects and research without continuous state funding.

Contention

Discussions surrounding SB200 may focus on the feasibility of the institute's financial plan and the potential risks involved in its shift towards self-sufficiency. Critics might argue about the challenges of securing sufficient revenue through patents and licenses, which can be inherently uncertain. Furthermore, the implication of reducing state financial support could lead to concerns over the institute's ability to fulfill its mission in cancer research and prevention if alternative funding does not meet operational needs.