Oklahoma stem cell research gets $5.5M
The Tobacco Settlement Endowment Trust board voted Monday to contribute $5.5 million to adult stem cell research.
The board committed $500,000 for a yearlong planning phase to decide how the money should be distributed, followed by $1 million in grants each year for five years.Multimedia
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BACKGROUND
The fund
As part of the 1998 tobacco settlement agreement, big tobacco companies give money back to states to help pay for medical expenses associated with smoking. Oklahoma has received $647 million and protected the money in a trust. Interest from the trust fund has been used to pay for anti-tobacco marketing, including the statewide campaign, "Tobacco Stops With Me.” Oklahoma is the only state to constitutionally protect tobacco funds and use them only for health programs.
BACKGROUND
Where
money goes
The tobacco fund generated about $15 million in research this year. While the tobacco board elected to give money to adult stem cell research, it would be mandated to spend 10 percent of interest earnings for such research if House Joint Resolution 1035 passes and voters approve a constitutional amendment.
Related Topics:
Science and Technology, Health and Fitness, Sciences, Life Sciences, Medical Science, Medical Technology, Stem Cell Research, Regenerative Medicine
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