Higher educational institutions; to report assignment of any intellectual property interests. (HB134)
Introduced By
Del. John Cosgrove (R-Chesapeake) with support from co-patron Del. Sam Nixon (R-Richmond)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Public institutions of higher education; intellectual property. Requires each public institution of higher education to adopt a policy concerning assignment of intellectual property to govern any research contracts to which it is a party. Each institution must forward a copy of its policies to the Governor and the Joint Commission on Technology and Science and report annually to the Governor and the Joint Commission on Technology and Science as to the assignment of any intellectual property interests by that institution. Under the bill, the prior approval of the Governor is still required for transfers of intellectual property developed wholly or predominately through the use of state funds. The bill also requires the Department of Budget and Planning to issue by December 1, 2006, guidelines defining (i) the conditions under which projects are to be considered wholly or predominately funded by the general fund and (ii) procedures for an expedited review by the Governor of relevant transfers of intellectual properties. Amends § 2.2-2233.2 (“”), § 23-4.3 (“Adoption of intellectual property policies; employees to be bound by such policies.”), § 23-4.4 (“Authorization to transfer interest; Governor\u2019s approval required under certain circumstances.”), of the Code of Virginia. View Full Text »
Status
03/21/2006: enacted
View Bill's History
