THE SENATE	S.B. NO.	2929
THIRTIETH LEGISLATURE, 2020
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TECHNOLOGY TRANSFER AT THE UNIVERSITY OF HAWAII.

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

SECTION 1. The legislature finds that the timely and efficient commercialization of intellectual property created by basic and applied research at the University of Hawaii greatly benefits the public and the State.

Act 38, Session Laws of Hawaii 2017, facilitated the University of Hawaii's contribution to research commercialization and economic development for the State by clarifying and updating the application of ethics principles set forth in the state code of ethics to technology transfer activities sponsored by the University. Act 38 included a sunset date of June 30, 2022.

The purpose of this Act is to allow the university to continue its contribution to research commercialization and economic development by removing the sunset provision in Act 38, Session Laws of Hawaii 2017.

SECTION 2. Act 38, Session Laws of Hawaii 2017, is amended by amending section 5 to read as follows:

"SECTION 5. This Act shall take effect upon its approval[; provided that this Act shall be repealed on June 30, 2022]."

SECTION 3. Statutory material to be repealed is bracketed and stricken.

SECTION 4. This Act, upon its approval, shall take effect on July 1, 2020.

INTRODUCED BY:	_____________________________
	BY REQUEST

Report Title:

University of Hawaii

Description:

Removes the sunset provision in Act 38, Session Laws of Hawaii 2017.

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