AR SB151

Creates the "University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund" to support the Winthrop P. Rockefeller Cancer Institute's pursuit of National Cancer Institute-Designated Cancer Center status.

Fund consists of private grants and other designated moneys, to be invested by the State Treasurer and used solely to achieve and maintain National Cancer Institute-Designated Cancer Center status.

Fund automatically sunsets on June 30, 2027, if the Winthrop P. Rockefeller Cancer Institute has not achieved National Cancer Institute-Designated Cancer Center status by that date.

Requires semiannual reporting to the Governor and relevant legislative committees on fund balance, administrative costs, revenue received, and progress toward achieving designation status.

Establishes legislative findings noting Arkansas has 16,000 annual cancer diagnoses, cancer-related deaths increased 9% over 28 years (compared to 5% national decrease), and a designated cancer center would expand access to clinical trials and experimental treatments while generating estimated $70 million annually and 1,584 jobs over five years.