Texas 2013 - 83rd Regular

Texas House Bill HB2051 Compare Versions

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1	1	By: Villalba, et al. (Senate Sponsor - Carona) H.B. No. 2051
2	2	(In the Senate - Received from the House April 25, 2013;
3	3	April 29, 2013, read first time and referred to Committee on Higher
4	4	Education; May 9, 2013, reported favorably by the following vote:
5	5	Yeas 6, Nays 0; May 9, 2013, sent to printer.)
6	6
7	7
8	8	A BILL TO BE ENTITLED
9	9	AN ACT
10	10	relating to the authority of public institutions of higher
11	11	education to make certain investments to support technology
12	12	commercialization.
13	13	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
14	14	SECTION 1. Section 153.006(a), Education Code, is amended
15	15	to read as follows:
16	16	(a) In order to carry out the purposes of this chapter and to
17	17	support the activities of centers described in this chapter, to the
18	18	extent authorized by its governing board, an institution of higher
19	19	education may:
20	20	(1) enter into agreements establishing royalties,
21	21	fees, and other consideration for technology developed in whole or
22	22	part by the institution [it];
23	23	(2) accept equity interests in, convertible
24	24	promissory debt instruments issued by, or a combination of equity
25	25	interests in and convertible promissory debt instruments issued by
26	26	organizations that license, manage, or otherwise administer rights
27	27	to technology belonging to the institution [it] or under its
28	28	control in exchange for such rights, in whole or in part;
29	29	(3) accept equity interests in, convertible
30	30	promissory debt instruments issued by, or a combination of equity
31	31	interests in and convertible promissory debt instruments issued by
32	32	organizations that license or otherwise have rights in the
33	33	institution's [its] technology as consideration for its providing
34	34	monetary, business, scientific, or engineering services or
35	35	technical assistance;
36	36	(4) use income from the commercialization of
37	37	technology to fund the activities of the center;
38	38	(5) solicit, accept, and administer gifts, grants, and
39	39	donations;
40	40	(6) enter into contracts for legal services with a
41	41	competent lawyer or law firm to:
42	42	(A) prepare, file, pursue, and maintain patent
43	43	applications in the United States or foreign jurisdictions;
44	44	(B) secure copyright protection for computer
45	45	software;
46	46	(C) prepare, file, and pursue trademark and
47	47	service mark applications;
48	48	(D) pursue litigation to prevent or stop
49	49	infringement of any intellectual property rights of the
50	50	institution; or
51	51	(E) handle any other legal matter related to the
52	52	operation and activities of the center; and
53	53	(7) enter into such other business arrangements as may
54	54	be appropriate for achieving the purposes of this chapter.
55	55	SECTION 2. This Act takes effect immediately if it receives
56	56	a vote of two-thirds of all the members elected to each house, as
57	57	provided by Section 39, Article III, Texas Constitution. If this
58	58	Act does not receive the vote necessary for immediate effect, this
59	59	Act takes effect September 1, 2013.
60	60	* * * * *