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Assembly Bill A9705

2011-2012 Legislative Session

Relates to establishing the state university commercialization facilities use policy

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Archive: Last Bill Status - In Assembly Committee

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2011-A9705 (ACTIVE) - Details

See Senate Version of this Bill:
S7154
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง355, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: S1655
2015-2016: S227
2017-2018: S2752

2011-A9705 (ACTIVE) - Summary

Relates to establishing the state university commercialization facilities use policy.

2011-A9705 (ACTIVE) - Bill Text download pdf 

                            
                    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:

  Section 1. Section 355 of the education law is amended by adding a new
subdivision 3-a to read as follows:
  3-A.  A. THE STATE UNIVERSITY MAY MAKE AVAILABLE FACILITIES RELATED TO
THE COMMERCIALIZATION OF NEW TECHNOLOGIES AS AUTHORIZED BY THE  CHANCEL-
LOR IN CONSULTATION WITH STATE UNIVERSITY CAMPUSES.
  B.  COSTS ASSOCIATED WITH THE USE OF THESE FACILITIES MAY BE PAID FROM
USER FEES, OR FROM OTHER NON-UNIVERSITY RESOURCES, OR  IN  THE  FORM  OF
EQUITY  SHARES  IN  THE  COMPANY.  STATE  FUNDS MAY BE MADE AVAILABLE TO
OFFSET OVERHEAD COSTS AS  EQUITY  HOLDINGS  MATURE  AND  EVENTUALLY  ARE
LIQUIDATED.
  C.  COMPANIES,  INCLUDING THEIR EMPLOYEES AND CONSULTANTS FROM OUTSIDE
THE STATE UNIVERSITY WHO UTILIZE UNIVERSITY FACILITIES UNDER THIS  POLI-
CY, MAY RETAIN OWNERSHIP OF ALL PATENTABLE INVENTIONS AND DISCOVERIES.
  D.  THE  TRUSTEES SHALL PROMULGATE ANY RULES AND REGULATIONS NECESSARY
TO CARRY OUT THIS PROGRAM, AND ON AN ANNUAL  BASIS  SHALL  EVALUATE  AND
REPORT  ON  THE IMPACT OF THIS PROGRAM ON COMMERCIALIZATION ACTIVITY AND
OUTCOMES IN NEW YORK STATE.
  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

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