HI HB975

Amends Hawaii Revised Statutes Section 84-31(a)(2) to require the ethics commission to consider the University of Hawaii's research compliance program when rendering advisory opinions on technology transfer activities.

Permits technology transfer arrangements at the University of Hawaii under the state ethics code if they are likely to create specific benefits to the State or the public, even if they simultaneously benefit commercial organizations or create personal benefits to university employees.

Establishes that the ethics commission shall consider unique aspects of technology transfer when applying the ethics code to university-supported technology transfer activities and arrangements.

Recognizes that the University of Hawaii contributes to economic diversification through research commercialization activities such as obtaining patents, licensing innovations, and creating startup companies.

Effective date: July 1, 2525.