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AL SB154
Bill
AI Summary
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State agencies receive 50 percent of patent proceeds from state employees who develop inventions, products, processes, ideas, concepts, procedures, innovations, or works of authorship within the scope of employment.
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State agency proceeds are deposited into the State General Fund.
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Education institutions receive 50 percent of patent proceeds from education employees who develop inventions, products, processes, ideas, concepts, procedures, innovations, or works of authorship within the scope of employment.
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Education institution proceeds are deposited into the Education Trust Fund.
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Act becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
State employees and education employees, patent proceeds to be shared with state agency or education institution, distrib. of proceeds to State General Fund or Education Trust Fund
Patents
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
2/7/2012