This bill establishes a standing appropriation from the general fund of the state to the state board of regents specifically for pediatric cancer research at the University of Iowa Hospitals and Clinics. Starting from the fiscal year beginning July 1, 2026, the appropriation will amount to one dollar per resident of Iowa, based on the most recent population estimate from the United States Census Bureau, with a cap of three million dollars per fiscal year. The funds are designated solely for pediatric cancer research, including laboratory research and clinical trials, and cannot be allocated for administrative or overhead costs or any activities not directly related to the research.

Additionally, the bill mandates that the state board of regents submit an annual report to the governor and the general assembly by October 1 each year. This report will detail the utilization of the appropriated funds from the previous fiscal year, ensuring transparency and accountability in the use of state resources for pediatric cancer research.