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§ 10-435. Grant and loan conditions

MD Econ Dev Code § 10-435 (2019) (N/A)
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(a)    A grant or loan awarded under this part is contingent on the recipient:

(1)    submitting to the Commission approval from an institutional review board; and

(2)    entering into a memorandum of understanding with the Corporation that:

(i)    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 of State-funded stem cell research; and

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

(b)    A recipient shall submit the approval required under subsection (a)(1) of this section within 6 months after the award of the grant or loan.

(c)    The Corporation may not disburse grant or loan money to a recipient until:

(1)    the recipient has obtained the approval required under subsection (a)(1) of this section; and

(2)    the recipient and the Corporation have entered into the memorandum of understanding required under subsection (a)(2) of this section.

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§ 10-434. Maryland Stem Cell Research Fund
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§ 10-436. Peer review committee