Bill Text: NY A09705 | 2011-2012 | General Assembly | Introduced

New York Assembly Bill 9705 (Prior Session Legislation)

Introduced

Bill Title: Relates to establishing the state university commercialization facilities use policy.

Spectrum: Slight Partisan Bill (Democrat 10-4)

Status: (Introduced - Dead) 2012-03-27 - referred to higher education [A09705 Detail]

Download: New_York-2011-A09705-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9705
                                 I N  A S S E M B L Y
                                    March 27, 2012
                                      ___________
       Introduced  by  M.  of  A.  LUPARDO,  SCHIMMINGER,  MORELLE, MAGNARELLI,
         GABRYSZAK, PEOPLES-STOKES, McENENY, CAHILL,  RYAN,  MURRAY  --  Multi-
         Sponsored  by  --  M.  of  A.  CROUCH,  MAGEE, TENNEY -- read once and
         referred to the Committee on Higher Education
       AN ACT to amend the education law, in relation to establishing the state
         university commercialization facilities use policy
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 355 of the education law is amended by adding a new
    2  subdivision 3-a to read as follows:
    3    3-A.  A. THE STATE UNIVERSITY MAY MAKE AVAILABLE FACILITIES RELATED TO
    4  THE COMMERCIALIZATION OF NEW TECHNOLOGIES AS AUTHORIZED BY THE  CHANCEL-
    5  LOR IN CONSULTATION WITH STATE UNIVERSITY CAMPUSES.
    6    B.  COSTS ASSOCIATED WITH THE USE OF THESE FACILITIES MAY BE PAID FROM
    7  USER FEES, OR FROM OTHER NON-UNIVERSITY RESOURCES, OR  IN  THE  FORM  OF
    8  EQUITY  SHARES  IN  THE  COMPANY.  STATE  FUNDS MAY BE MADE AVAILABLE TO
    9  OFFSET OVERHEAD COSTS AS  EQUITY  HOLDINGS  MATURE  AND  EVENTUALLY  ARE
   10  LIQUIDATED.
   11    C.  COMPANIES,  INCLUDING THEIR EMPLOYEES AND CONSULTANTS FROM OUTSIDE
   12  THE STATE UNIVERSITY WHO UTILIZE UNIVERSITY FACILITIES UNDER THIS  POLI-
   13  CY, MAY RETAIN OWNERSHIP OF ALL PATENTABLE INVENTIONS AND DISCOVERIES.
   14    D.  THE  TRUSTEES SHALL PROMULGATE ANY RULES AND REGULATIONS NECESSARY
   15  TO CARRY OUT THIS PROGRAM, AND ON AN ANNUAL  BASIS  SHALL  EVALUATE  AND
   16  REPORT  ON  THE IMPACT OF THIS PROGRAM ON COMMERCIALIZATION ACTIVITY AND
   17  OUTCOMES IN NEW YORK STATE.
   18    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14849-02-2