Establishes the Alzheimer's Disease and Related Dementias Research Center of Hawaii within the University of Hawaii. Requires the Research Center to be administratively affiliated with the University of Hawaii John A. Burns School of Medicine. Requires JABSOM, the Research Center, University of Hawaii Center on Aging, and University of Hawaii at Manoa to identify opportunities to capitalize on collaboration between the parties and maximize operational efficiencies. Requires the Research Center to submit annual reports to the Legislature. Appropriates funds.