STATE ASSETS-BIOMED RESEARCH

Creates the Public Support Standards for Biomedical Research Act. Provides that the State, units of local government, school districts, and community college districts may not use or allow the use of public funds, property, or credit for certain human cloning activities. Prohibits grant recipients from acquiring, receiving, or otherwise transferring any human fetal tissue for valuable consideration. Requires the Department of Public Health to report to the General Assembly concerning grants for biomedical and stem cell research. Sets forth informed consent and other research requirements for grant recipients. Sets forth eligibility requirements for grants. Sets forth penalties for violations of the Act.