Bill Text: OR SB468 | 2011 | Regular Session | Introduced

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Bill Title: Relating to acquisitions of intellectual property rights in commodities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB468 Detail]

Download: Oregon-2011-SB468-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 2882

                         Senate Bill 468

Sponsored by Senator GEORGE (Presession filed.)

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Requires Oregon University System, Oregon Health and Science
University or community college district to grant share in
acquired intellectual property to commodity commission in
proportion to percentage of commodity commission's annual budget
that was spent on research. Requires commodity commission
approval of any disposition of intellectual property if commodity
commission provided monetary assistance to acquire property.

                        A BILL FOR AN ACT
Relating to acquisitions of intellectual property rights in
  commodities.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1)(a) For any intellectual property acquired
by the State Board of Higher Education with monetary assistance
from a commodity commission established under ORS 576.051 to
576.455, the board must share ownership of the intellectual
property with the commodity commission.
  (b) The commodity commission's percentage share of the
intellectual property shall be equal to the percentage share of
the commodity commission's annual budget spent on the monetary
assistance in the year that the contribution was made to the
board.
  (c) If the commodity commission's contribution was made over
multiple years, the commodity commission's percentage share of
the intellectual property shall be equal to the average
percentage share of the commodity commission's annual budget
spent on the monetary assistance during the years in which the
commodity commission provided monetary assistance.
  (2) For any intellectual property acquired by the board with
monetary assistance from a commodity commission established under
ORS 576.051 to 576.455, the board may not take any action to
dispose of the intellectual property by sale, lease, license or
other action without the approval of the commodity commission by
a majority of its members. + }
  SECTION 2.  { + (1)(a) For any intellectual property acquired
by a community college board with monetary assistance from a
commodity commission established under ORS 576.051 to 576.455,
the board must share ownership of the intellectual property with
the commodity commission.
  (b) The commodity commission's percentage share of the
intellectual property shall be equal to the percentage share of
the commodity commission's annual budget spent on the monetary
assistance in the year that the contribution was made to the
board.
  (c) If the commodity commission's contribution was made over
multiple years, the commodity commission's percentage share of
the intellectual property shall be equal to the average
percentage share of the commodity commission's annual budget
spent on the monetary assistance during the years in which the
commodity commission provided monetary assistance.
  (2) For any intellectual property acquired by a community
college board with monetary assistance from a commodity
commission established under ORS 576.051 to 576.455, the board
may not take any action to dispose of the intellectual property
by sale, lease, license or other action without the approval of
the commodity commission by a majority of its members. + }
  SECTION 3.  { + (1)(a) For any intellectual property acquired
by the Oregon Health and Science University Board of Directors
with monetary assistance from a commodity commission established
under ORS 576.051 to 576.455, the board must share ownership of
the intellectual property with the commodity commission.
  (b) The commodity commission's percentage share of the
intellectual property shall be equal to the percentage share of
the commodity commission's annual budget spent on the monetary
assistance in the year that the contribution was made to the
board.
  (c) If the commodity commission's contribution was made over
multiple years, the commodity commission's percentage share of
the intellectual property shall be equal to the average
percentage share of the commodity commission's annual budget
spent on the monetary assistance during the years in which the
commodity commission provided monetary assistance.
  (2) For any intellectual property acquired by the Oregon Health
and Science University Board of Directors with monetary
assistance from a commodity commission established under ORS
576.051 to 576.455, the board may not take any action to dispose
of the intellectual property by sale, lease, license or other
action without the approval of the commodity commission by a
majority of its members. + }
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