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2015 SESSION

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HB 1959 Higher educational institutions; information for six-year plans.

Introduced by: David J. Toscano | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Public institutions of higher education; required reports on intellectual property and externally sponsored research. Requires each public institution of higher education to include in its six-year plan the following for the most recently ended fiscal year: (i) the assignment during the year of any intellectual property interests to a person or nongovernmental entity by the institution or any related entity, (ii) the value of externally sponsored research funds received during the year from a person or nongovernmental entity by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or nongovernmental entity. This bill is identical to SB 1206.

SUMMARY AS PASSED HOUSE:

Six-year plans to include information on intellectual property and externally sponsored research. Requires public institutions of higher education to include in their six-year plans information for the prior fiscal year on (i) the assignment during the year of any intellectual property interests to a person or entity with a physical presence in Virginia by the institution or any related entity, (ii) the value of externally sponsored research funds received during the year from a person or entity with a physical presence in Virginia by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or entity with a physical presence in Virginia.

SUMMARY AS INTRODUCED:

Six-year plans to include information on intellectual property and externally sponsored research. Requires public institutions of higher education to include in their six-year plans information for the prior fiscal year on (i) the assignment during the year of any intellectual property interests to a person or entity with a physical presence in Virginia by the institution or any related entity, (ii) the value of externally sponsored research funds and in-kind contributions received during the year from a person or entity with a physical presence in Virginia by the institution or any related entity, and (iii) the number and types of patents awarded during the year to the institution or any related entity that were developed in whole or part from externally sponsored research provided by a person or entity with a physical presence in Virginia.