154.35.050 Functions of basic research centers and applied research centers -- Advisory committees -- Goal of infrastructure -- Centers to retain a contact with experts. - Kentucky Statutes

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Page 1 of 1 154.35-050 Functions of basic research centers and applied research centers -- Advisory committees -- Goal of infrastructure -- Centers to retain a contact
with experts. (1) The function of the basic research centers shall be to perform basic research of significant benefit to one (1) or more key industries that have been identified in and
targeted by the state's economic development strategic plan as having major
importance to the sustained economic growth of the Commonwealth. The areas of
research to be performed by each basic research center shall be set forth in the
contract between the council and the contracting university and shall be approved
only for those projects for which the center has a commitment from a private sector
partner to make use of the results of the research. (2) The functions of the applied research centers shall be: (a) To perform applied research, development, and technology transfer on a fee for service basis, to businesses and groups of businesses. For performing this
function the center shall give preference to businesses in key industries and
networks of businesses; (b) To provide advice to businesses regarding other areas of business operations necessary for improved performance, including workforce training, total
quality assurance, inventory control, and reorganization of the business and
workplace; and (c) To perform applied research and technology development of significant benefit to one (1) or more key industries in areas set forth in the contract
between the council and the contracting university. (3) The council shall appoint advisory committees of persons knowledgeable in each key industry to advise the council and the centers with regard to research needs of
the industry and to evaluate research plans and research results. (4) It shall be the goal of the infrastructure that eighty percent (80%) of the total revenues of each center shall be generated by payments under contracts from private
businesses. (5) To perform the functions set out in this section each center shall retain or contract with scientists, engineers, and other persons having high levels of expertise in
appropriate fields of research, including but not limited to, faculty, staff and
students of the contracting universities; provided, however, that all contracts with
persons employed by the contracting university shall be subject to approval by the
council. Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 508, sec. 54, effective July 15, 1994.