63M-2-102 - Definitions. - Utah Statutes

63M-2-102. Definitions.
As used in this chapter:
(1) "Commercialization revenues " means dividends, realized capital gains, license fees,royalty fees, and other revenues received by a university as a result of commercial applicationsdeveloped from the project, less:
(a) the portion of those revenues allocated to the inventor; and
(b) expenditures incurred by the university to legally protect the intellectual property.
(2) "Executive director" means the person appointed by the governing authority underSection 63M-2-301.
(3) "Governing authority" means the Utah Science Technology and Research GoverningAuthority created in Section 63M-2-301.
(4) "Project" means the Utah Science Technology and Research Project.
(5) "Research buildings" means any of the buildings listed in Section 63M-2-201.
(6) "Research universities" means the University of Utah and Utah State University.
(7) "Technology outreach program" means the program required by Section 63M-2-202.
(8) "Utah Science Technology and Research Project" means the buildings and activitiesdescribed in Part 2, Utah Science Technology and Research Project.

Renumbered and Amended by Chapter 382, 2008 General Session