WVC 18 - 11 - 24
§18-11-24. Promotion and financing of scientific research;
authority to contract for patents; special research
In order to promote technical scientific investigation,
research, experimentation and education, and to encourage the
development of patentable inventions by members of the faculty,
associates and employees of the university, the board of
governors is hereby authorized to contract with any research
foundation, firm, individual or agency for the procurement of
patents on such inventions. The compensation of the research
foundation, firm, individual or agency shall be limited to a
share of the income from such patents, and the contract shall
provide for the payment of part of the income to the university
and part to the member of the faculty, associate or employee who
developed the invention.
All moneys received by the university under any such
contract shall be paid into a special research fund, which is
hereby created in the state treasury, and shall be expended only
for the furtherance of a university program of general scientific
research, through payments for personal services, for the
purchase of equipment and supplies, and for other expenses
necessarily incident to such a program.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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