Introduced by Rep. Tanya Pullin (D) on February 6, 2008, to set up the Intellectual Property Bank Program in the Commerce Cabinet to gather unused intellectual property, such as patents and copyright, and license them to entrepreneurs for development.
Referred to the House Economic Development Committee on February 7, 2008.
Reported in the House on March 6, 2008, favorably, 1st reading, to Calendar.
Substitute offered in the House on March 6, 2008, to remove the Commerce Cabinet as administrator of this program and require the University of Kentucky and University of Louisville to administer the program together and allow universities fifty percent of any royalty resulting from use of the Intellectual Property Bank.
The substitute passed in the House by voice vote on March 11, 2008.
Passed in the House (97 to 0) on March 11, 2008, to set up the Intellectual Property Bank Program to gather unused intellectual property, such as patents and copyrights, and license them to entrepreneurs for development. The bill would require the University of Kentucky and University of Louisville to jointly administer the program. [Vote Details and Comments]
Received in the Senate on March 12, 2008.
Referred to the Senate Economic Development, Tourism & Labor Committee on March 14, 2008.
1) 2008 House Bill 467 (Intellectual Property Bank Program) [by admin on January 1, 2001] Introduced in the House on February 6, 2008, to set up the Intellectual Property Bank Program to gather unused intellectual property, such as patents and copyrights, and license them to entrepreneurs for development. The bill would require the University of Kentucky and University of Louisville to jointly administer the program
The vote was 97 in favor, 0 opposed and 2 not voting