House Amendment 8511
PAG LIN
1 1 Amend House File 2770 as follows:
1 2 #1. By striking page 1, line 1, through page 2,
1 3 line 24, and inserting the following:
1 4 <Sec. . NEW SECTION. 15.361 UNIVERSITY
1 5 TECHNOLOGY TRANSFER AND COMMERCIALIZATION REVIEW
1 6 COMMITTEE.
1 7 1. The general assembly finds and declares that
1 8 the public good requires that Iowa successfully
1 9 participate and compete in the emerging world economy
1 10 and that this participation and competition is a
1 11 public purpose. A university technology transfer and
1 12 commercialization review committee is established for
1 13 the public purpose of assisting the universities under
1 14 the control of the state board of regents in securing
1 15 additional investment in research infrastructure and
1 16 information technology and in enhancing the commercial
1 17 potential of proposals for research infrastructure and
1 18 information technology submitted to the state board of
1 19 regents for funding.
1 20 2. The committee shall consist of all of the
1 21 following members:
1 22 a. Three members of the state board of regents
1 23 appointed by the state board of regents.
1 24 b. Two members appointed by a single bioscience
1 25 development organization identified by the department
1 26 pursuant to section 15G.111, subsection 2.
1 27 c. Five members appointed by the governor and
1 28 confirmed by the senate pursuant to section 2.32 as
1 29 follows:
1 30 (1) Two members with expertise in advanced
1 31 manufacturing.
1 32 (2) Two members with expertise in information
1 33 technology.
1 34 (3) One member who shall serve as the chairperson
1 35 of the committee.
1 36 3. In reviewing proposals by the universities
1 37 under the control of the state board of regents, the
1 38 committee shall do all of the following:
1 39 a. Review the proposals for their applicability to
1 40 the targeted areas of biosciences, advanced
1 41 manufacturing, or information technology.
1 42 b. Review the potential of the proposals to
1 43 increase economic activity in the state through job
1 44 creation, wealth creation, or the creation of new
1 45 businesses.
1 46 c. Identify additional sources of research
1 47 financing for the proposals from private sector
1 48 businesses or other nonstate sources.
1 49 d. Identify individuals or companies that are
1 50 potential research or commercialization collaborators
2 1 in the proposals.
2 2 e. Within forty=five days of receiving a proposal,
2 3 prepare and forward to the state board of regents a
2 4 written review of the proposal including
2 5 recommendations for approval, denial, or modification
2 6 of the proposal.
2 7 The state board of regents shall review the
2 8 recommendations of the committee and shall approve,
2 9 deny, or modify the recommendations. If the board
2 10 modifies or denies the recommendation, the proposal
2 11 shall be resubmitted to the committee for
2 12 consideration. The board may award financial
2 13 assistance to approved proposals.
2 14 Sec. . NEW SECTION. 15.362 ENDOWED CHAIRS.
2 15 1. The state board of regents may create endowed
2 16 chair positions at each of the regents universities
2 17 using, in part, moneys appropriated to the state board
2 18 of regents for purposes of implementing
2 19 recommendations provided in separate consultant
2 20 reports on bioscience, advanced manufacturing, and
2 21 information technology submitted to the department of
2 22 economic development in the calendar years 2004 and
2 23 2005. Such moneys may only be used to partially fund
2 24 an endowed chair position if significant private
2 25 contributions and contributions from governmental
2 26 entities other than the state and political
2 27 subdivisions of the state are used to fund the
2 28 position. Not more than fifty percent of the cost of
2 29 funding an endowed chair position shall be paid with
2 30 such moneys.
2 31 2. The state board of regents shall not use moneys
2 32 appropriated to the board for purposes of implementing
2 33 recommendations provided in separate consultant
2 34 reports on bioscience, advanced manufacturing, and
2 35 information technology submitted to the department of
2 36 economic development in the calendar years 2004 and
2 37 2005 to pay the salary of a salaried employee, but may
2 38 use the moneys to pay the salary of a contract
2 39 employee provided that the employment contract is for
2 40 not more than five years.>
2 41 #2. Title page, by striking lines 1 and 2 and
2 42 inserting the following: <An Act relating to economic
2 43 development by creating a university technology
2 44 transfer and commercialization review committee,
2 45 providing tax incentive provisions>.
2 46 #3. By renumbering as necessary.
2 47
2 48
2 49
2 50 HUSER of Polk
3 1
3 2
3 3
3 4 WISE of Lee
3 5
3 6
3 7
3 8 THOMAS of Clayton
3 9 HF 2770.503 81
3 10 tm/je/3947
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