Sec. 153.003. CREATION OF CENTERS. (a) An institution of higher education, subject to approval by its governing board, is authorized to establish centers to manage, transfer, market, or otherwise commercialize technology owned by it or in which it owns an interest.
(b) Each center shall be administered within an institution of higher education.
(c) Centers may provide services to multiple institutions of higher education. An institution of higher education may contract with a center under the control of a governing board other than its own.
Added by Acts 2001, 77th Leg., ch. 749, Sec. 1, eff. Sept. 1, 2001.
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