All moneys transferred to the Type 1 Diabetes Research Fund pursuant to Section 18782, upon appropriation by the Legislature, shall be allocated as follows:
(a) To the Franchise Tax Board and the Controller for reimbursement of all costs incurred by the Franchise Tax Board and the Controller in connection with their duties under this article.
(b) (1) To the University of California for distribution of grants to authorized diabetes research organizations for the purposes of conducting research on type 1 diabetes. The University of California may use up to 5 percent of the moneys allocated to it for administrative costs.
(2) An authorized diabetes research organization that receives a grant pursuant to this section may use up to 5 percent of the grant moneys for administrative costs.
(Added by Stats. 2016, Ch. 468, Sec. 1. (AB 2430) Effective January 1, 2017. Inoperative on date prescribed in Section 18784. Repealed, pursuant to Section 18784, on December 1 following inoperative date.)
Last modified: October 25, 2018