1997 Minnesota Statutes

     116P.10 Royalties, copyrights, patents. 

    This section applies to projects supported by the trust 
 fund, the Minnesota future resources 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.  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