FOOD AGRIC RESEARCH ACT-FUNDS

Amends the Food and Agriculture Research Act. Provides that appropriations for the purposes of the Act shall be made to the Illinois Department of Agriculture for research to Illinois public and non-public institutions of higher education. Provides that the Illinois Council on Food and Agricultural Research shall prepare and deliver to the General Assembly, Governor, Director of Agriculture, and the food and agricultural research administrators at each of the public and non-public institutions of higher learning that receive research dollars under the Act an annual report providing a summary and detailed account of the research programs being supported. Provides any additional grants or donations for research shall be deposited into the Food and Agricultural Research Fund and may be appropriated and used for the purposes of the Act. Amends the State Finance Act to create the Food and Agricultural Research Fund as a special fund in the State treasury. Effective immediately.