Declares that individuals may donate human embryonic stem cells for research purposes if the human embryonic stem cells are obtained from blastocysts that are generated by in vitro fertilization procedures, the donation is made pursuant to the valid informed consent of both the donors of the sperm and egg that created the blastocyst, and the donor has not received valuable consideration for the donation.

Provides that no money from the life sciences discovery fund may be used to support research involving human stem cells, including human embryonic stem cells, unless the human stem cells were donated in compliance with this act.