HB 467 (BR 155) - T. Pullin, A. Wuchner, A. Koenig, T. Moore, S. Overly
AN ACT relating to intellectual property.
Create a new section of subchapter 90 of KRS Chapter 154 to establish the Intellectual Property Bank Program; place in Commerce Cabinet; provide that the purposes of program are to solicit unused intellectual property, such as patents and copyright, and license it to entrepreneurs for development; allow contracting with other entities to evaluate and assess intellectual property and facilitate the purposes of the section.
HB 467 - AMENDMENTS
HCS - Have the University of Kentucky and the University of Louisville collaboratively administer the program, rather than the Commerce Cabinet; delete provisions allowing cabinet to contract with other entities; clarify language on receiving intellectual property; allow universities five percent of any royalty resulting from use of the Intellectual Property Bank.
Feb 6-introduced in House
Feb 7-to Economic Development (H)
Feb 26-posting waived
Mar 6-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 7-2nd reading, to Rules
Mar 10-posted for passage in the Regular Orders of the Day for Tuesday, March 11, 2008
Mar 11-3rd reading, passed 97-0 with Committee Substitute
Mar 12-received in Senate
Mar 14-to Economic Development, Tourism & Labor (S)