6706-S AMH CHAS CORD 076

SSB 6706 - H AMD TO CEDT COMM AMD (H-5348.1/10) 1508

By Representative Chase

NOT CONSIDERED 3/11/2010

    On page 1, after line 30 of the striking amendment, insert the following:

    "(3) The state universities must deposit into the state general fund seven percent of the license or royalty income a state university receives from licensing any intellectual property derived from commercialization of research funded by the university.  A state university must ensure that contracts or other commitments entered into pursuant to its commercialization of university research contain provisions necessary to implement this subsection."

EFFECT:  Requires the state universities to deposit, into the State General Fund, 7 percent of the license or royalty income the university receives from licensing intellectual property derived from commercialization of university research.

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