2003 Minnesota Statutes

     116P.10 Royalties, copyrights, patents. 

    This section applies to projects supported by the trust 
 fund and the oil overcharge money referred to in section 4.071, 
 subdivision 2, each of which is referred to in this section as a 
 "fund."  The fund owns and shall take title to the percentage of 
 a royalty, copyright, or patent resulting from a project 
 supported by the fund equal to the percentage of the project's 
 total funding provided by the fund.  Cash receipts resulting 
 from a royalty, copyright, or patent, or the sale of the fund's 
 rights to a royalty, copyright, or patent, must be credited 
 immediately to the principal of the fund.  Receipts from 
 Minnesota future resources fund projects must be credited to the 
 trust fund.  Before a project is included in the budget plan, 
 the commission may vote to relinquish the ownership or rights to 
 a royalty, copyright, or patent resulting from a project 
 supported by the fund to the project's proposer when the amount 
 of the original grant or loan, plus interest, has been repaid to 
 the fund. 

    HIST: 1988 c 690 art 1 s 14; 1993 c 172 s 79; 2003 c 128 art 1 
 s 151