§ 100308. Revenue Sharing.
17 CA ADC § 100308Barclays Official California Code of Regulations
17 CCR § 100308
§ 100308. Revenue Sharing.
(b) The grantee organization may retain a threshold amount of its share (after payments to inventors) of any net revenues received under a license agreement or agreements of any CIRM-funded patented invention(s). Thereafter, the grantee organization shall pay 25% of its share after payments to inventors of such net revenues to the State of California for deposit into the State's General Fund unless such action violates any federal law. The threshold amount is $500,000 (in the aggregate) multiplied by a fraction, the denominator of which is the Consumer Price Index, All Urban Consumers, All Items (San Francisco-Oakland-San Jose; 1982-84=100) as prepared by the Bureau of Labor Statistics of the United States Department of Labor and published for the month of February, 2006, and the numerator of which is such Index published for the month in which the grant award is accepted by the grantee.
Credits
Note: Authority cited: Article XXXV, California Constitution; and Section 125290.40(j), Health and Safety Code. Reference: Section 125290.30, Health and Safety Code.
History
1. New section filed 6-14-2007; operative 7-14-2007 (Register 2007, No. 24).
This database is current through 7/12/24 Register 2024, No. 28.
Cal. Admin. Code tit. 17, § 100308, 17 CA ADC § 100308
End of Document |