House Journal: Page 2229: Tuesday, June 3, 2003
Page 18
1 read as follows:
2 262B.1 TITLE.
3 This chapter shall be known and may be cited as the
4 "University-Based Research and Economic Development
5 "Commercialization of Research for Iowa Act".
6 Sec. . Section 262B.2, Code 2003, is amended by
7 striking the section and inserting in lieu thereof the
8 following:
9 262B.2 LEGISLATIVE INTENT.
10 It is the intent of the general assembly that the
11 three universities under the control of the state
12 board of regents have as part of their mission the use
13 of their universities' expertise to expand and
14 stimulate economic growth across the state. This
15 activity may be accomplished through a wide variety of
16 partnerships, public and private joint ventures, and
17 cooperative endeavors, primarily in the area of high
18 technology, and may result in investments by the
19 private sector for commercialization of the
20 technology. It is imperative that the investments and
21 job creation be in Iowa, but need not be in the
22 proximity of the universities. The purpose is to
23 expand and stimulate Iowa's economy, increase the
24 wealth of Iowans, and increase the population of Iowa,
25 which may be accomplished through research conducted
26 within the state that will competitively position Iowa
27 on an economic basis with other states and create
28 high-wage, high-growth employers and jobs. It is also
29 the intent of the general assembly that real or
30 virtual research parks will be established and
31 maintained by the universities in close enough
32 proximity to the ventures that cooperation between the
33 academic, research, and commercialization phases will
34 be encouraged. It is the intent of the general
35 assembly that satellites of the research parks will
36 expand and stimulate economic growth in other areas of
37 the state.
38 Sec. . Section 262B.3, Code 2003, is amended to
39 read as follows:
40 262B.3 ESTABLISHMENT OF CONSORTIUM DUTIES AND
41 RESPONSIBILITIES.
42 1. The state board of regents or the universities
43 under its jurisdiction, as part of its mission and
44 strategic plan, shall establish consortiums mechanisms
45 for the purpose of carrying out the intent of this
46 chapter. The majority of consortium members shall be
47 from the university community and the balance of
48 members shall be from private industry. The members
49 of the consortium shall be appointed by the president
50 of the convening university and will serve at the
© 2003 Cornell College and
League of Women Voters of Iowa
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