Sec. 153.008. BIENNIAL REPORT

Not later than December 1 of each even-numbered year, the Texas Higher Education Coordinating Board shall report to the governor and to the legislature regarding activities conducted at institutions of higher education under this chapter. The form of the report shall be developed by the Texas Higher Education Coordinating Board in consultation with institutions of higher education and shall include the following measures for each institution of higher education:

(1) revenues received from licenses, royalties, fees, cashed-in equity, and other forms of income permitted by this chapter;

(2) the number of shares of stock or other equity interest held under agreements created pursuant to this chapter;

(3) the fair market value of stock or other equity interests held in publicly-traded enterprises created pursuant to this chapter;

(4) new invention disclosures received;

(5) the number of new patent applications filed and new patents granted;

(6) the number of new license agreements executed;

(7) the number of new corporations, partnerships, or other business entities established to commercialize intellectual property owned by the institution of higher education; and

(8) direct expenditures for all activities conducted under this chapter.

Added by Acts 2001, 77th Leg., ch. 749, Sec. 1, eff. Sept. 1, 2001.