California Health and Safety Code

§ 125290.30

HSC § 125290.30 Effective Jan 1, 2022Div. 106 · Part 5 · Ch. 3 · Art. 1

Statute text

Public and Financial Accountability Standards

(a)Annual Public Report The institute shall issue an annual report to the public which sets forth its activities, grants awarded, grants in progress, research accomplishments, and future program directions. Each annual report shall include, but not be limited to, the following: the number and dollar amounts of research and facilities grants; the grantees for the prior year; the institute’s administrative expenses; an assessment of the availability of funding for stem cell research from sources other than the institute; a summary of research findings, including promising new research areas; an assessment of the relationship between the institute’s grants and the overall strategy of its research program; and a report of the institute’s strategic research and financial plans.

(b)Independent Financial Audit for Review by Controller The institute shall annually commission an independent financial audit of its activities from a certified public accounting firm, which shall be provided to the Controller, who shall review the audit and annually issue a public report of that review.

…

Legislative history

Amended by Stats. 2021, Ch. 615, Sec. 285. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Sec. 463 of Stats. 2021, Ch. 615. Note: This section was added on Nov. 2, 2004, by initiative Prop. 71. Amended November 3, 2020, by initiative Proposition 14, Sec. 10.