Report Title:

DOE Education Research/Development Revolving Fund

 

Description:

Establishes education research and development revolving fund; funded by revenues from commercial exploitation of products/services developed by DOE.

 

THE SENATE

S.B. NO.

521

TWENTY-FIRST LEGISLATURE, 2001

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to an education research and development revolving fund.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 302A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§302A- Education research and development revolving fund. (a) There is established, within the department of education, an education research and development revolving fund into which shall be deposited all revenues from the commercial exploitation of products and services developed by the department. The fund shall be used to support research and development of innovative curriculum, instructional aids, and related technologies, and the related administrative costs of seeking and maintaining such commercialization.

(b) The department shall provide an annual report to the governor and the legislature describing all transactions and activities involved in the administration of the education research and development revolving fund."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2001.

INTRODUCED BY:

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