Extends repealer date for the Strengthening Mississippi Academic Research Through Business Act.
The bill extends the repealer date for the Strengthening Mississippi Academic Research Through Business Act from July 1, 2029, to a later date. The act includes provisions for rebates and disbursements to support research partnerships between colleges and investors, aimed at developing state-owned intellectual property into products and services. The bill also outlines the criteria for qualified research and validation expenses, and sets limits on the total amount of rebates and disbursements that can be issued in any fiscal year.
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