HB 555 -- Life Sciences Research Program Co-Sponsors: Foley, Hanaway This bill creates the Life Sciences Research Program in the Department of Health. The program will be administered by the Director of the Department of Health based on the recommendation of the Life Sciences Research Board. In its main provisions, the bill: (1) Establishes a 7-member Life Science Research Board and specifies the composition of board members, terms of selection and length of service for board members, residency requirements of board members, and the procedures pertaining to filling board vacancies and the appointment of additional board members; (2) Authorizes the board to issue conflict of interest guidelines pertaining to the administration and operation of the program and actions of board members. Board members are prohibited from making decisions to award any grants which can lead to a conflict of interest; (3) Requires the board to use moneys in the Life Sciences Research Fund for the purposes of establishing quality research and specifies the research agenda of the program; (4) Contains provisions concerning the acceptance and approval of applications to award grants for the purpose of conducting research; (5) Contains provisions which specify the powers of the board; (6) Specifies the use of "remaining funds" which are unexpended moneys the board has received; (7) Contains provisions pertaining to the creation of program rules; (8) Contains provisions pertaining to the establishment of the Centers for Excellence for Life Science Research in Missouri; (9) Requires that the centers appoint a steering committee and specifies the duties of the committee; (10) Requires the Governor to initially appoint a 7-member Life Sciences Citizens Committee and specifies the duties of the committee. The duration of the committee and the selection of committee members are stated; (11) Creates the Life Sciences Research Fund in the state treasury and specifies the use of the fund; (12) Requires the board to obtain an annual financial audit from the State Auditor or from an outside certified public accounting firm; (13) Contains provisions pertaining to timely disclosure of research findings to the scientific community and the retaining of all rights, including copyrights and intellectual property rights; and (14) Contains a provision pertaining to the severability of sections.Copyright (c) Missouri House of Representatives