Ch. 533

1995 LAWS OF MARYLAND

(6) (I) "SPONSORED RESEARCH OR DEVELOPMENT" MEANS
ACTIVITIES ENGAGED IN PURSUANT TO AN AGREEMENT BY AN ENTITY TO ENGAGE
IN BASIC OR APPLIED RESEARCH OR DEVELOPMENT AT AN EDUCATIONAL
INSTITUTION.

(II) "SPONSORED RESEARCH OR DEVELOPMENT" INCLUDES THE
TRANSFER OF UNIVERSITY-OWNED TECHNOLOGY, OR THE PROVISION OF SERVICES
BY A FACULTY MEMBER, TO AN ENTITY FOR THE PURPOSES SPECIFIED IN
SUBPARAGRAPH (I) OF THIS PARAGRAPH.

(B)     ADOPTION OF PROCEDURES.

(1)      EACH EDUCATIONAL INSTITUTION ENGAGED IN SPONSORED
RESEARCH OR DEVELOPMENT SHALL DEVELOP FACULTY CONFLICT OF INTEREST
PROCEDURES BASED ON:

(I)      THE FACULTY CONFLICT OF INTEREST POLICIES DEVELOPED
BY ITS GOVERNING BOARD; AND

(II)     THE PURPOSES OF THIS TITLE SPECIFIED IN § 15-101 OF THIS
TITLE.

(2)      BEFORE THEY MAY BECOME EFFECTIVE, THE PROCEDURES
DEVELOPED UNDER THIS SUBSECTION SHALL BE APPROVED BY:

(I)      THE OFFICE OF THE ATTORNEY GENERAL; AND

(II)     AS TO CONFORMITY WITH THIS SECTION, THE ETHICS
COMMISSION.

(C)     CONTENT OF PROCEDURES.

THE PROCEDURES ADOPTED BY AN EDUCATIONAL INSTITUTION UNDER
SUBSECTION (B)(2) OF THIS SECTION SHALL INCLUDE:

(1)      DISCLOSURE REQUIREMENTS, TO THE EXTENT REQUIRED OF AN
OFFICIAL SUBJECT TO SUBTITLE 6 OF THIS TITLE, AS TO ANY RELATIONSHIP
BETWEEN:

(I)      A FACULTY MEMBER; AND

(II)     1. THE ENTITY ENGAGED IN THE SPONSORED RESEARCH
OR DEVELOPMENT; OR

2. ANY ENTITY HAVING A DIRECT, INTEREST IN THE
OUTCOME OF THE SPONSORED RESEARCH OR DEVELOPMENT;

(2)      OTHER RESTRICTIONS DESIGNED TO PREVENT A SUBSTANTIAL
CONFLICT WITH A FACULTY MEMBER'S DUTIES TO THE EDUCATIONAL INSTITUTION,
NOT INCONSISTENT WITH ENCOURAGING COMMERCIALIZATION OF
UNIVERSITY-OWNED TECHNOLOGY; AND

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