1998 Minnesota Code
Chapters 116P - 116Q Environmental Protection Funds
Chapter 116P Environment and Natural Resources Trust Fund
Section 116P.10 Royalties, copyrights, patents.
116P.10 Royalties, copyrights, patents.
This section applies to projects supported by the trust fund, the Minnesota future resources fund, and the oil overcharge money referred to in section 4.071, subdivision 2, each of which is referred to in this section as a "fund." The fund owns and shall take title to the percentage of a royalty, copyright, or patent resulting from a project supported by the fund equal to the percentage of the project's total funding provided by the fund. Cash receipts resulting from a royalty, copyright, or patent, or the sale of the fund's rights to a royalty, copyright, or patent, must be credited immediately to the principal of the fund. Before a project is included in the budget plan, the commission may vote to relinquish the ownership or rights to a royalty, copyright, or patent resulting from a project supported by the fund to the project's proposer when the amount of the original grant or loan, plus interest, has been repaid to the fund.
HIST: 1988 c 690 art 1 s 14; 1993 c 172 s 79
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