§ 10-435
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/md/economic-development/10-435A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–435.
(a)A grant or loan awarded under this part is contingent on the recipient:
(1)submitting to the Commission approval from an institutional review board; and
(2)entering into a memorandum of understanding with the Corporation that:
(i)establishes the scope of the State’s ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries of State-funded stem cell research; and
(ii)to the extent consistent with federal and State law, reflects the intellectual property policies of the institution.
(b)A recipient shall submit the approval required under subsection (a)(1) of this section within 6 months after the award of the grant or loan.
(c)The Corporation may not disburse grant or loan money to a recipient until:
(1)the recipient has obtained the approval required under subsection (a)(1) of this section; and
(2)the recipient and the Corporation have entered into the memorandum of understanding required under subsection (a)(2) of this section.