CA AB2430

Establishes the Type 1 Diabetes Research Fund and allows individual taxpayers to voluntarily designate contributions in excess of their tax liability to support the fund on their personal income tax returns.

Requires the Franchise Tax Board to allocate contributions to itself and the Controller for administrative costs, and to the University of California for distribution of grants to authorized diabetes research organizations for type 1 diabetes research.

Permits University of California and grant recipients to use up to 5 percent of allocated funds for administrative costs.

Sets a minimum contribution threshold of $250,000 annually (adjusted annually for inflation) required for the fund to remain on tax returns, with automatic repeal if contributions fall below the minimum.

Repeals the article on January 1 of the fifth taxable year after the fund first appears on tax returns unless continued by legislative action, unless earlier repealed due to insufficient contributions.