PARRIS N. GLENDENING, Governor

Ch. 406

WHEREAS, The experience at other public and private institutions of higher
education has shown that these relationships can be effectively managed to protect the
institutions and the pubic public from damaging conflicts of interest; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article -Education

15-107.

PUBLIC SENIOR HIGHER EDUCATION EDUCATIONAL INSTITUTIONS AND THEIR
GOVERNING BOARDS AND ARE ENCOURAGED TO PROMOTE THE ECONOMIC
DEVELOPMENT OF THE STATE AND TO INCREASE THE FINANCIAL RESOURCES OF
THE INSTITUTIONS THROUGH ARRANGEMENTS WITH THE PRIVATE SECTOR,
INCLUDING COLLABORATIVE RESEARCH AND DEVELOPMENT, COMMERCIAL
APPLICATION OF INSTITUTION-OWNED INTELLECTUAL PROPERTY, AND THE
PROVISIONS OF TECHNICAL ASSISTANCE

Article - State Government

15-523.

(a) (1) In this section the following words have the meanings indicated.

(2)     "[Faculty conflict] CONFLICT of interest policies" means policies
adopted by a governing board and approved:

(i) by the Office of the Attorney General; and

(ii) as to conformity with this section, by the Ethics Commission.

(3)     "Governing board" has the meaning provided in § 10-101 of the
Education Article.

(4)     "Educational institution" means:

(I) a public senior higher education institution as defined in § 10-101
of the Education Article;

(II) A CENTER OR INSTITUTE OF THE UNIVERSITY OF MARYLAND
SYSTEM THAT IS DESIGNATED IN THE CONFLICT OF INTEREST POLICIES ADOPTED
BY THE SYSTEM'S BOARD OF REGENTS; OR

(III) THE UNIVERSITY OF MARYLAND SYSTEM ADMINISTRATION,
FOR WHICH THE CHANCELLOR OF THE SYSTEM SHALL BE CONSIDERED THE
PRESIDENT FOR PURPOSES OF THIS SECTION.

(5)     "Relationship" includes any:
(i) interest;

(ii) service;
(iii) employment;

- 2651 -