Increases amount of cigarette and other tobacco products tax revenues provided to New Jersey Commission on Cancer Research to $10 million; establishes dedicated, non-lapsing Cancer Research Fund.

This bill increases annual cigarette and tobacco tax revenue allocated to the New Jersey Commission on Cancer Research from $1 million to $10 million and creates a dedicated, non-lapsing Cancer Research Fund within the state treasury. The fund will be managed by the State Treasurer and used exclusively for grants and contracts supporting general cancer research and pediatric cancer research, with at least $5 million each year designated for each category. By establishing a revolving fund, the bill ensures that money and any earned interest remain available for future research projects rather than being transferred to the general budget each year.