It is the intent of the Legislature that the State Regents for Higher Education designate an individual, within their office, who shall serve as a business assistance liaison to the Department of Commerce and individual institutions of higher education within The Oklahoma State System of Higher Education. This individual shall provide up-to-date information on higher education opportunities and developments to the Department of Commerce, serve as a referral resource for current information on technology transfer projects and research developments which may impact on economic development, and serve in any other related capacities which the State Regents for Higher Education deem necessary.