Browse Arkansas Code titles and sections
15-4-1404. Authority of board.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-1404. Authority of board.
(a) The Board of Trustees of the University of Arkansas, on behalf of the Center for Prototype Development and Emerging Technologies, may:
(1) Enter into contracts on a competitive-bid basis or noncompetitive-bid basis, consistent with state laws and rules, with public and private agencies, institutions, organizations, and individuals for the purpose of providing assistance to and services for inventors as required by this subchapter;
(2) Solicit the support and contribution of public and private agencies, organizations, institutions, and individuals;
(3) Receive and administer funds for the purpose of operating the inventors' assistance program;
(4) Advertise and promote the inventors' assistance program;
(5) Adopt policies and procedures to implement the provisions of this subchapter; and
(6) Acquire security interests in intellectual property to the extent necessary to protect the state's interest in the fees charged pursuant to § 15-4-1406.
(b) The board, on behalf of the center, is authorized to enter into a written contract with each center employee which shall include provisions designed to protect the confidentiality of inventors' proposals and to prohibit the employee from using information gained at the center to compete with or disadvantage any inventor.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-1404
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-4-1404
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 65dfbe56d257a0ea0946ce0b12ae429e98e017c4fcb879525b919ecfd4d649ba
Source location: content.xml paragraph 3096
Stored source content
15-4-1404. Authority of board.
(a) The Board of Trustees of the University of Arkansas, on behalf of the Center for Prototype Development and Emerging Technologies, may:
(1) Enter into contracts on a competitive-bid basis or noncompetitive-bid basis, consistent with state laws and rules, with public and private agencies, institutions, organizations, and individuals for the purpose of providing assistance to and services for inventors as required by this subchapter;
(2) Solicit the support and contribution of public and private agencies, organizations, institutions, and individuals;
(3) Receive and administer funds for the purpose of operating the inventors' assistance program;
(4) Advertise and promote the inventors' assistance program;
(5) Adopt policies and procedures to implement the provisions of this subchapter; and
(6) Acquire security interests in intellectual property to the extent necessary to protect the state's interest in the fees charged pursuant to § 15-4-1406.
(b) The board, on behalf of the center, is authorized to enter into a written contract with each center employee which shall include provisions designed to protect the confidentiality of inventors' proposals and to prohibit the employee from using information gained at the center to compete with or disadvantage any inventor.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-1406. Fees — Review of proposals.
(a) The Center for Prototype Development and Emerging Technologies shall charge a filing fee of up to five hundred dollars ($500) for each proposal submitted for review and evaluation, depending upon the cost to research the proposal as determined by the center.
(b) After review and evaluation, proposals shall be accepted or rejected for product development under the inventors' assistance program.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-1406
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 15-4-1406. This identifies an authority to review, not proof of applicability.