Texas Education Code - Section 65.45. Science And Technology Development, Management, And Transfer
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§ 65.45. SCIENCE AND TECHNOLOGY DEVELOPMENT, MANAGEMENT,
AND TRANSFER. (a) The legislature finds that it is essential to
the economic growth of the state that the potential for the
development and growth of high technology industry be promoted and
expanded. As a means of accomplishing this purpose, the board may
enter into agreements with individuals, corporations,
partnerships, associations, and local, state, or federal agencies
for funding the discovery, development, and commercialization of
new products, technology, and scientific information, including an
agreement to manage a national laboratory engaged in any of those
endeavors. At the discretion of the board, research facilities,
funding, and personnel at the various component institutions of The
University of Texas System may be utilized to achieve the purposes
of this section.
(b) As a means of carrying out the purposes of this section,
the board may, through one or more corporations incorporated by the
board or under any other cooperative arrangement:
(1) own and license rights to products, technology,
and scientific information;
(2) own shares in corporations engaged in the
discovery, development, manufacture, management, or marketing of
products, technology, or scientific information in this state or
outside this state;
(3) participate, either directly or through a
subsidiary corporation or other legal entity formed for that
purpose, in the discovery, development, manufacture, management,
or marketing of products, technology, or scientific information on
behalf of the United States or a state or local governmental entity;
and
(4) carry on and support such other activities as the
board may deem appropriate for achieving the purposes of this
section.
(c) The board may cooperate in any manner the board
considers appropriate with similar programs operated by other
state-supported institutions of higher education in this state or
in other states.
(d) To the extent provided for in an agreement authorized by
this section, a person employed by the entity with whom the system
enters such an agreement, or the person's spouse or child, may pay
the tuition and fees charged to residents of this state when
enrolled in a system institution.
Added by Acts 1985, 69th Leg., ch. 818, § 1, eff. Aug. 26, 1985.
Amended by Acts 2003, 78th Leg., ch. 1266, § 4.04, eff. June 20,
2003; Acts 2005, 79th Leg., ch. 888, § 10, eff. Sept. 1, 2005.
Section: 65.37 65.38 65.39 65.40 65.41 65.42 65.43 65.45 65.46 66.01 66.02 66.04 66.05 66.06 66.07
Last modified: August 11, 2007
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