§ 5701.1703. Regional biotechnology research centers
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 35 P.S. Health and SafetyEffective: July 1, 2001
Effective: July 1, 2001
35 P.S. § 5701.1703
§ 5701.1703. Regional biotechnology research centers
(c) Board of directors.--Each nonprofit corporation shall establish a board of directors consisting of at least seven but not more than 15 members. The Secretary of Community and Economic Development and the Secretary of Health or their designees shall be ex officio members of each board of directors. The board of directors shall include representatives of the for-profit and nonprofit institutions and organizations participating in the research center, as well as other representatives of local, civic or community groups.
(3) The portion of biotechnology research center earnings which will be returned to the Health Account due to intellectual property or products which are developed as a result of research conducted through the research center. All proceeds derived from royalty agreements shall be divided equally between the regional research center and the Health Account.
(h) Contributions and ongoing funding.--In order to participate in research or product development at a regional biotechnology research center, financial or other substantially equivalent contributions to the research being conducted shall be made at a level established by the department. The board of directors shall develop revenue sources, including royalty agreements, to fund ongoing operations of the biotechnology research center.
(2) Each regional biotechnology research center shall, by November 30, 2002, and annually thereafter, prepare and submit a report to the department, the Department of Health, the chair and minority chair of the Appropriations Committee of the Senate, the chair and minority chair of the Appropriations Committee of the House of Representatives, the chair and minority chair of the Community and Economic Development Committee of the Senate and the chair and minority chair of the Commerce and Economic Development Committee of the House of Representatives. This report shall be in a form and manner developed by the department working in cooperation with the Department of Health and shall include the following:
(viii) A copy of the annual operating budget for the year, with a listing of the sources of all funds, including financial and in-kind services, personnel, equipment or other material donations and contributions by all parties involved in the research center; grants obtained by or through the research center; Federal funds leveraged and expenditures made, including infrastructure expenditures; and administrative and staffing costs.
Credits
2001, June 26, P.L. 755, No. 77, § 1703, effective July 1, 2001.
35 P.S. § 5701.1703, PA ST 35 P.S. § 5701.1703
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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