00RS HB572


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HB 572/FN (BR 1117) - J. Richards, C. Geveden, B. Colter, H. Moberly, F. Nesler, S. Riggs, W. Scott, J. Stacy

     AN ACT relating to research, innovation, and technology businesses.
     Create new sections of KRS Chapter 164 to define terms, state intent, establish a Kentucky Innovation Commission, state role of the Council on Postsecondary Education, create the research and development voucher fund and program, create the Kentucky rural innovation fund and program, create the Kentucky commercialization fund and program, and create the authority for regional technology corporations by the Council on Postsecondary Education; create new sections of KRS Chapter 154 Subchapter 12 to undertake a strategic technology capacity initiative and to require the Cabinet for Economic Development to contract for the modernization of manufacturers; require an entrepreneurial audit; require the creation of a Kentucky science and engineering foundation; provide noncodified language indicating General Assembly intent and naming the Act.


     HFA (1, J. Richards) - Retain original provisions; amend Section 2 to state public purpose; amend various sections to clarify roles, particularly related to negotiating ownership and disposition of patents, royalties, intellectual property rights, and equity between parties; make technical corrections.
     SCA (2, L. Casebier) - Retain original provisions; creates new section 20 to establish the Office of the Commissioner for the New Economy in the Cabinet for Economic Development; set forth duties including the administration of the high-tech construction and investment pools as described in budget bill; make technical and conforming amendments.
     SFA (1, D. Williams) - Retain original provisions; transfer the KY Research and Development Voucher Fund and the KY Rural Innovation Fund from the Council on Postsecondary Education to the Kentucky Economic Development Finance Authority; make conforming changes.

     Feb 3-introduced in House
     Feb 4-to Education (H)
     Feb 8-posted in committee
     Feb 14-reassigned to Appropriations and Revenue (H)
     Feb 18-posted in committee
     Mar 7-reported favorably, 1st reading, to Calendar
     Mar 8-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 9, 2000
     Mar 10-floor amendment (1) filed
     Mar 13-3rd reading, passed 96-1 with floor amendment (1)
     Mar 14-received in Senate
     Mar 16-to Education (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 27-floor amendment (1) filed
     Mar 29-recommitted to Education (S)
     Apr 11-reported favorably, to Rules with committee amendment (2) as a Consent Bill ; posted for passage in the Regular Orders of the Day for Tuesday, April 11, 2000; 3rd reading, passed 33-1 with committee amendment (2), floor amendment (1) ; bill reconsidered; floor amendment (1) withdrawn ; passed 38-0; received in House; posted for passage for concurrence in Senate committee amendment (2)
     Apr 14-House concurred in Senate committee amendment (2) ; passed 96-1; enrolled, signed by each presiding officer, delivered to Governor
     Apr 26-signed by Governor (Acts ch. 522)

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