Bill Text: OR SB599 | 2011 | Regular Session | Introduced

Oregon Senate Bill 599 (Prior Session Legislation)

Introduced

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

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB599 Detail]

Download: Oregon-2011-SB599-Introduced.html



     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 2881

                         Senate Bill 599

Sponsored by Senator GEORGE

                             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 research dollars provided by
commodity commission. Requires commodity commission approval of
any disposition of intellectual property if commodity commission
owns more than five percent of 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) For any intellectual property that is
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 provide to the commodity
commission a share of ownership of the intellectual property that
is proportionate to the share of research dollars, calculated as
a percentage, provided by the commodity commission. In
calculating the percentages of ownership of the intellectual
property belonging to the Oregon University System and the
commodity commission, the board may include only the actual costs
of its research in determining its own contribution to creation
of the intellectual property.
  (2) If a commodity commission's share of ownership under
subsection (1) of this section is five percent or greater, the
board may not dispose of the intellectual property by sale,
lease, license or other action without the approval of the
commodity commission by a majority of the members of the
commodity commission. + }
  SECTION 2.  { + (1) For any intellectual property that is
acquired by a community college board with monetary assistance
from a commodity commission established under ORS 576.051 to
576.455, the community college board must provide to the
commodity commission a share of ownership of the intellectual
property that is proportionate to the share of research dollars,
calculated as a percentage, provided by the commodity commission.
In calculating the percentages of ownership of the intellectual
property belonging to the community college district and the
commodity commission, a community college board may include only

the actual costs of its research in determining its own
contribution to creation of the intellectual property.
  (2) If a commodity commission's share of ownership under
subsection (1) of this section is five percent or greater, a
community college board may not dispose of the intellectual
property by sale, lease, license or other action without the
approval of the commodity commission by a majority of the members
of the commodity commission. + }
  SECTION 3.  { + (1) For any intellectual property that is
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 provide
to the commodity commission a share of ownership of the
intellectual property that is proportionate to the share of
research dollars, calculated as a percentage, provided by the
commodity commission.  In calculating the percentages of
ownership of the intellectual property belonging to the Oregon
Health and Science University and the commodity commission, the
board may include only the actual costs of its research in
determining its own contribution to creation of the intellectual
property.
  (2) If a commodity commission's share of ownership under
subsection (1) of this section is five percent or greater, the
Oregon Health and Science University Board of Directors may not
dispose of the intellectual property by sale, lease, license or
other action without the approval of the commodity commission by
a majority of the members of the commodity commission. + }
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