Provides that a program may be established to provide grants to cancer centers in Indiana to increase breast cancer research projects or breast cancer clinical trials. Provides that a pediatric cancer research and treatment grant program may be established. Establishes the breast cancer research fund and the pediatric cancer research and treatment fund. Prioritizes use of the funds to be on innovative research and treatments with the potential of resulting in novel therapies for pediatric cancer. Requires the state department to submit an annual report to the governor and legislative council concerning the grant program and publish the report on the state department's website.