36-123.02. Alzheimer's disease research fund; exemption

A. The Alzheimer's disease research fund is established consisting of monies received pursuant to section 28-2463. The director shall administer the fund. The first $32, 000 received shall be reimbursed to the person who pays the implementation fee pursuant to section 28-2463. Not more than ten percent of monies deposited in the fund annually shall be used for the cost of administering the fund. Monies in the fund are continuously appropriated. The director shall annually distribute monies in the fund.

B. The director shall annually allocate monies from the fund, excluding administrative fees, to a charitable organization that is qualified under section 501(c)(3) of the United States internal revenue code for federal income tax purposes and that meets all of the following:

1. Is headquartered in this state.

2. Has been operating in this state for at least ten years.

3. Has participating member institutions that work together to end Alzheimer's disease by using their complementary strengths in brain imaging, computer science, genomics, basic and cognitive neurosciences and clinical and neuropathology research within a statewide collaborative model.

4. Has member institutions that educate residents of this state about Alzheimer's disease, research progress and resources needed to help patients, families and professionals manage the disease.

C. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations.