Bill
Bill > HB2705
OR HB2705
OR HB2705Relating to patents resulting from public funding of post-secondary institutions of education.
summary
Introduced
01/13/2025
01/13/2025
In Committee
01/17/2025
01/17/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: Tells the HECC to study how much money the state should get for each patent a college gets after receiving public money. (Flesch Readability Score: 65.2). Requires the Higher Education Coordinating Commission, in coordination with public universi- ties and community colleges, to conduct a study to determine the appropriate rate of return the State of Oregon should receive for each patent obtained as a result of public moneys provided to a public university or community college. Requires the commission to submit findings to the interim committees of the Legislative Assembly related to education not later than September 15, 2026.
AI Summary
This bill requires the Higher Education Coordinating Commission (HECC), working together with public universities and community colleges in Oregon, to conduct a comprehensive study to determine an appropriate financial return for the state when patents are developed using public funding. Specifically, the HECC will research and recommend what percentage or amount of revenue the state should receive from patents created by public higher education institutions that were funded by state money. The commission must complete this study and submit a report, which may include proposed legislation, to the legislative education committees by September 15, 2026. The study mandate will automatically expire on January 2, 2027, meaning the HECC will have a defined timeframe to complete this research and provide its findings. This bill aims to establish a standardized approach for the state to potentially recoup some financial benefits from publicly funded research and innovation at Oregon's colleges and universities.
Committee Categories
Education
Sponsors (1)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2705 |
| Open Government Impact Statement for HB2705 INTRO | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/83683 |
| BillText | https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/HB2705/Introduced |
Loading...