Higher education; directing certain model policy established by the Oklahoma State Regents for Higher Education to include certain tiered system of ownership. Effective date. Emergency.

Summary

The bill tells the State Regents for Higher Education to create a model policy that defines how ownership and revenue from inventions created with private companies are shared, using a tiered system based on earnings. It also requires regular reporting of research activities, financial relationships, and a review of the policy every seven years. The goal is to make Oklahoma colleges more competitive in developing marketable technologies.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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