The bill establishes the Alzheimer's Prevention and Research Institute of Texas, which will be added as Chapter 101A to Subtitle E, Title 2 of the Health and Safety Code. The institute's primary goals are to enhance research on Alzheimer's disease and related disorders, expand research capabilities in Texas, and develop a comprehensive research plan. It will be governed by an oversight committee with the authority to award grants to support research and prevention strategies. The bill includes provisions for compliance, reporting, and auditing to ensure transparency and accountability, as well as a sunset provision that mandates the institute's continuation by September 1, 2035, or it will be abolished.

Additionally, the bill introduces new regulations for grant awarding, including a peer review process and a cap of $300 million on total grants awarded in a fiscal year. It emphasizes the importance of interdisciplinary proposals and requires grant contracts to include provisions for capital improvements and intellectual property rights. The oversight committee must also adopt conflict-of-interest rules and establish a procedure for investigating unreported conflicts. The implementation of the act is contingent upon voter approval of a constitutional amendment to allocate $3 billion from state general revenue to support the institute's activities, with the act set to take effect on December 1, 2025, if approved.

Statutes affected:
Introduced: Education Code 36.10, Education Code 61.003, Government Code 572.003 (Education Code 61, Education Code 36, Government Code 572)