TX HB1302

Creates the Alzheimer's Prevention and Research Institute of Texas to fund research on Alzheimer's disease and related disorders, with a nine-member oversight committee appointed by the governor (3), lieutenant governor (3), and speaker of the house (3) serving staggered six-year terms

Establishes the Alzheimer's Prevention and Research Fund as a special fund outside general revenue, funded by a $3 billion transfer from state general revenue (contingent on voter approval of a related constitutional amendment), plus legislative appropriations, gifts, grants, and royalty income

Limits grant awards to $300 million per state fiscal year, requires grant recipients to provide matching funds equal to one-half of the grant amount, and caps indirect costs at 5% of grant money for research recipients

Requires a peer review process for all grant applications, with the program integration committee submitting ranked recommendations to the oversight committee, which must approve awards by two-thirds vote of members present

Subject to Sunset review with automatic abolishment on September 1, 2035, unless continued by the legislature; takes effect December 1, 2025, only if voters approve the related constitutional amendment