2006 Utah Code - 63-38f-704 — Administration -- Grants.

     63-38f-704.   Administration -- Grants.
     (1) The Governor's Office of Economic Development shall administer this part.
     (2) (a) The office may award grants to the various colleges and universities in the state for the purposes of this part.
     (b) The governor's Office of Economic Development shall develop a process to determine whether a college or university that receives a grant under this part must return the grant proceeds if the technology that is developed with the grant proceeds is licensed to a licensee that:
     (i) does not maintain a manufacturing or service location in the state from which the licensee or a sublicensee exploits the technology; or
     (ii) initially maintains a manufacturing or service location in the state from which the licensee or a sublicensee exploits the technology, but within five years after issuance of the license the licensee or sublicensee transfers the manufacturing or service location for the technology to a location out of the state.
     (3) (a) Funding allocations shall be made by the office with the advice of the State Advisory Council for Science and Technology and the board.
     (b) Each proposal shall receive the best available outside review.
     (4) (a) In considering each proposal, the office shall weigh technical merit, the level of matching funds from private and federal sources, and the potential for job creation and economic development.
     (b) Proposals or consortia that combine and coordinate related research at two or more colleges and universities shall be encouraged.
     (5) The State Advisory Council on Science and Technology shall review the activities and progress of individual centers on a regular basis and assist the office in preparing an annual report on the accomplishments and direction of the Centers of Excellence Program.

Amended by Chapter 356, 2006 General Session