Maryland Code, Economic Development § 10-4D-03

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Subject to the provisions of this subtitle, the Corporation shall establish a grant and loan program to provide grants and loans for State-funded, human-relevant animal testing alternatives research.

(b) A grant or loan awarded under this subtitle is contingent on the recipient entering into a memorandum of understanding with the Corporation that:

(1) establishes the scope of the State's ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries resulting from State-funded, human-relevant research; and

(2) to the extent consistent with federal and State law, reflects the intellectual property policies of the Corporation.

(c) The Corporation may not disburse grant or loan money to a recipient until the recipient meets the requirements of subsection (b) of this section.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-4D-03 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-4d-03/

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