Section 57-3C-4 - Administration of act. - New Mexico Statutes

57-3C-4. Administration of act.

The department shall:   

A.     be responsible for the administration of the Patent and Copyright Act;   

B.     promulgate rules pursuant to the Patent and Copyright Act;   

C.     apply, on behalf of the state, for the patent protection or registration of copyright and pay the associated expenses;   

D.     share with the inventor, after expenses, fifty percent of the income collected on the invention or work; and   

E.     determine, after a cost-benefit analysis, whether to retain the patent or copyright for the state.