SLS 12RS-753 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2012 SENATE BILL NO. 504 BY SENATOR CLAITOR ETHICS. Permits certain contracts between higher education institutions and faculty, research, and athletic staff. (8/1/12) AN ACT1 To amend and reenact R.S. 42:1123(10)(b), relative to the Code of Governmental Ethics; to2 permit certain contracts between higher education institutions and faculty, research,3 and athletic staff; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 42:1123(10)(b) is hereby amended and reenacted to read as follows:6 ยง1123. Exceptions7 This Part shall not preclude:8 * * *9 (10) * * *10 (b) A contract between an institution of higher education and a member of11 its faculty, research staff, or athletic coaching staff or a legal entity in which such12 employee has a substantial economic interest, regarding the disposition of any patent,13 copyright, licensing right, or royalty which is attached to a discovery, technique, or14 technology resulting from the research done by such employe e in the course of his15 employment with at the institution, or regarding an activity related to or resulting16 from the athletic coaching or research activity of such employee conducted in the17 SB NO. 504 SLS 12RS-753 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. course of his employment with conducted at the institution.1 * * *2 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Lauren Bailey. DIGEST Present law provides that no public servant is allowed to participate in a transaction in which he has a personal substantial economic interest of which he may be reasonably expected to know involving the public servant's governmental entity. Present law provides an exception to the prohibition for a contract between an institution of higher education and a member of its faculty, research staff, or athletic coaching staff or a legal entity in which such employee has a substantial economic interest, regarding the disposition of any patent, copyright, licensing right, or royalty which is attached to a discovery, technique, or technology resulting from the research done by such employee in the course of his employme nt with the institution, or regarding an activity related to or resulting from the athletic coaching or research activity of such employee conducted in the course of his employment with the institution. Proposed law retains present law but deletes the reference to individual employees in the course of their employment making the exception apply to research done at the institution. Effective August 1, 2012. (Amends R.S. 42:1123(10)(b))