B.__Citations of articles from peer review journals published within the previous 2 years that show the institution is engaged in competitive biomedical research;

C.__Copies of the institution's Internal Revenue Service form 990, showing the amount of funding from outside sources;

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

E.__A statement signed by the institution's chief executive officer asserting that all the submitted materials are accurate.

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.

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.

B.__The formula must be weighted to provide smaller eligible institutions with a proportionally larger share of program funds.

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.

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.