HB 353: "An Act authorizing the president of the University of Alaska to enter into partnership agreements with private industry."
00 HOUSE BILL NO. 353 01 "An Act authorizing the president of the University of Alaska to enter into partnership 02 agreements with private industry." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 14.40.210(a) is amended to read: 05 (a) The president of the University of Alaska may 06 (1) give general direction to the work of the University of Alaska in all 07 its departments subject to the approval of the Board of Regents; 08 (2) appoint the deans, heads of departments, professors, assistants, 09 instructors, tutors, and other officers of the University of Alaska to the positions 10 established by the Board of Regents; 11 (3) establish procedures for receipt, expenditure, and fiscal year 12 reporting of university receipts; 13 (4) approve a contract between the University of Alaska and an 14 employee that authorizes the employee to conduct research or other development of
01 intellectual property and to develop, operate, or own a business related to or resulting 02 from the research conducted during the employment; a business described under this 03 paragraph may be jointly owned by the employee and the University of Alaska; 04 (5) enter into partnership agreements with corporations lawfully 05 doing business in the state for the purpose of marketing and distributing 06 technology developed by or through the University of Alaska; a partnership 07 agreement entered into under this paragraph must provide for adequate 08 protections of private financial information, intellectual property, and other 09 matters necessary to the security of confidential information relevant to the 10 agreement.