§ 63M-2-102. Definitions. (Effective 5/13/2014)

     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 applications developed from the USTAR initiative, 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 under Section 63M-2-301.

(3) "Research buildings" means any of the buildings listed in Section 63M-2-201.

(4) "Research universities" means the University of Utah and Utah State University.

(5) "Technology outreach program" means the program described in Section 63M-2-202.

(6) "USTAR governing authority" means the Utah Science Technology and Research Governing Authority created in Section 63M-2-301.

(7)

(a) "USTAR initiative" means the Utah Science Technology and Research Initiative created in Section 63M-2-301.

(b) "USTAR initiative" includes the projects, operations, activities, programs, and services described in this chapter.

Amended by Chapter 186, 2014 General Session