Senate File 50

                                       SENATE FILE       
                                       BY  MILLER, ZIEMAN, SCHUERER,
                                           BEHN, McKINLEY, HOSCH,
                                           KETTERING, REHBERG, and
                                           BRUNKHORST


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the coordination of economic development
  2    activities at the institutions of higher learning under the
  3    control of the state board of regents.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1715SS 80
  6 tm/cl/14

PAG LIN

  1  1    Section 1.  NEW SECTION.  15.109A  BOARD OF REGENTS
  1  2 COORDINATOR.
  1  3    The department shall create a position to cooperate with
  1  4 and assist in the coordination of the economic development
  1  5 activities at the institutions of higher learning under the
  1  6 control of the state board of regents.  The individual shall
  1  7 serve as a facilitator between the institutions and businesses
  1  8 or prospective businesses; promote linkages among businesses,
  1  9 investors, and economic development programs; and assist in
  1 10 securing funding for businesses.  The individual shall
  1 11 inventory, monitor, and evaluate the research, proposed
  1 12 projects, inventions, and other results of research at the
  1 13 institutions that are in the state's economic interest to
  1 14 promote and protect.  The individual shall identify projects
  1 15 and ideas that the state should claim a proprietary interest
  1 16 in, including referrals for patents, licensing, and referrals
  1 17 to the department for further development.  An emphasis shall
  1 18 be placed on developing Iowa=based businesses and locating
  1 19 businesses within the state.  The individual shall prepare an
  1 20 annual report for submission to the governor and the general
  1 21 assembly that analyzes and evaluates the ideas, research, and
  1 22 projects reviewed and facilitated during the fiscal year.  The
  1 23 report shall include quantitative information concerning jobs
  1 24 created and retained, business start=up activities, retention
  1 25 of new businesses, and royalties, licenses, and fees generated
  1 26 by these businesses and activities.
  1 27                           EXPLANATION
  1 28    This bill relates to creation of a position within the
  1 29 department of economic development to cooperate with and
  1 30 assist in the coordination of the economic development
  1 31 activities at the institutions of higher learning under the
  1 32 control of the state board of regents.  The bill requires that
  1 33 an emphasis be placed on developing Iowa=based businesses and
  1 34 locating businesses within the state.  The bill includes an
  1 35 annual reporting requirement, which report shall analyze and
  2  1 evaluate the ideas, research, and projects reviewed and
  2  2 facilitated during the fiscal year and include quantitative
  2  3 information concerning jobs created and retained, business
  2  4 start=up activities, retention of new businesses, and
  2  5 royalties, licenses, and fees generated by these businesses
  2  6 and activities.
  2  7 LSB 1715SS 80
  2  8 tm/cl/14