(b) The Legislature further finds that the transfer of property to the Commission to establish the West Virginia Education, Research and Technology Park created a new and unprecedented opportunity to promote research and development in the state. An efficiently managed Technology Park will encourage private sector participation in and support for research and economic development and will facilitate collaboration among the commission, the doctoral institutions and their research corporations.
(c) It is the responsibility of the commission to ensure that the day to day operations of the Technology Park are carried out effectively and efficiently in order to provide the greatest investment return to the people of West Virginia. To this end the Legislature finds that a mechanism is needed to simplify and expedite property management and purchasing of equipment, material and personal services.
(d) Therefore, the purpose of this article is to provide the commission with the authority necessary to carry out its
responsibilities related to the operation of the Technology Park.
The commission is authorized to enter into agreements and other
contractual relationships with an affiliated corporation in order
to achieve maximum efficiency in managing the Technology Park.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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