UH to report on cancer fund, progress on new center - Pacific Business News (Honolulu):

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The law, called Act 28, will forcd UH officials to report tolegislators semi-annually on all deposits, expenditures and other transactionsz dealing with money from the Hawaiik Cancer Research Special Fund, sometimes called the tobaccop tax fund. Under the new law, UH officialw would have to keep lawmakers informed ofthe fund’ws status — and ultimately the progress beingy made on building the new facility beginning Jan. 1, 2010. It is meant to addresa community concerns that the money has been idle inthe still-untappecd fund, which has grown to $33.3 million sincee 2006.
As they struggled to alleviatethe state’ss budget deficit, lawmakers earlier this year warned UH officialds that the fund is a targeft if the university doesn’t move forware quickly with its plans to builed a new $200 million cancer center near the university’s medicapl school campus in Kakaako. Eager to save theirf fund, UH officials in January set the center’x groundbreaking for mid-2010 aftee years of setbacks causecd byfinancing troubles, lease negotiations and leadership changes at the . The which is a researchn unit of the Universityof Hawaii, is one of 63 Nationakl Cancer Institute-designated facilities in the United States.
It currently is workingh to keepthat designation, which UH officials have said hingeas on getting the Kakaako facility built as soon as possible.