| A.__A preliminary plan describing how the institution would | utilize program funds and what research and economic | benefits it anticipates as a result of this funding; |
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| B.__Citations of articles from peer review journals | published within the previous 2 years that show the | institution is engaged in competitive biomedical research; |
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| C.__Copies of the institution's Internal Revenue Service | form 990, showing the amount of funding from outside | sources; |
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| D.__A breakdown and explanation of all funding from federal | agencies and private foundations for biomedical research, | listing each specific source of funding and its use; and |
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| E.__A statement signed by the institution's chief executive | officer asserting that all the submitted materials are | accurate. |
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| | 6.__Allocation of funds to eligible institutions.__The | department shall allocate funds from the fund to eligible | institutions biennially, based on a formula to be developed by | rule of the department.__The formula must be designed both to | provide an ongoing incentive to leverage outside funding and to | make it easier for smaller institutions to grow. |
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| A.__The formula must link the amount of the program funds to | be received by an eligible institution to the total amount | of funding that the institution has received or expended to | perform biomedical research from federal agencies and | private foundations during the previous 2 years.__In | general, an institution receiving more funding from federal | agencies and private foundations will receive more program | funds under the formula. |
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| B.__The formula must be weighted to provide smaller eligible | institutions with a proportionally larger share of program | funds. |
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| C.__The formula must guarantee a certain minimum allocation | to any eligible institution, regardless of size, that has | attracted a minimum of $1,000,000 over the previous 2 years | from federal or foundation sources to perform biomedical | research.__That minimum must be expressed as a percentage of | the total pool of funds to be allocated from the fund. |
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| | 7.__Final plan.__Once funding decisions are made according to | the formula established pursuant to subsection 6, each eligible | institution shall revise its preliminary plan into a final plan | that reflects the actual amount of funding allocated. |
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