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HCS/SB 987 - Under current law, the University of Missouri Board of Curators is given authority to award funds for research projects to advance knowledge of spinal cord injuries and congenital or acquired disease processes. This act increases the statutory award amount per project from $50,000 to $250,000 per project. SECTION 172.794 This act also provides that when a public institution of higher education holds an ownership or membership interest in a for-profit or non-profit entity, such entity shall not be deemed a public governmental body or quasi-governmental body subject to the open records law under chapter 610, if such entity is engaged primarily in activities involving current or prospective commercialization of the skills or knowledge of the institution's faculty or of the institution's research, research capabilities, intellectual property, technology, or technological resources. The public higher education institution must maintain as an open record an annual report, available no later than October 1 each year. The act details the lists of items required in the annual report, but includes detailing the funds and benefits paid by the higher education institution to the entity and the employees of the institution who received funds from the entity. Meetings, records, and votes may be closed to the extent that they relate to records or information submitted by an individual, corporation, or other business entity to a public institution of higher education in connection with opportunities for or results of collaboration involving students, faculty, or staff, or in connection with institution activities to promote or pursue economic development. The meetings may also be closed if it relates to sales, projections, business plans, financial information, or trade secrets if the disclosure of such information would endanger the competitiveness of a business. SECTION 173.1205 ADRIANE CROUSE HA 1 - ADDS AN EMERGENCY CLAUSE FOR SECTION 173.205 REGARDING CLOSED OR OPEN MEETINGS ABOUT INTELLECTUAL PROPERTY FOR HIGHER EDUCATION INSTITUTIONS. HA 2 - PROVIDES THAT RESEARCH PROJECTS TO ADVANCE KNOWLEDGE OF SPINAL CORD INJURIES AND CONGENITAL OR ACQUIRED DISEASE PROCESSES SHALL BE SUBJECT TO THE REQUIREMENTS FOR PUBLIC FUNDS EXPENDED FOR LIFE SCIENCES RESEARCH, INCLUDING CERTAIN PROHIBITION ON ABORTIONS, HUMAN CLONING AND PROHIBITED HUMAN RESEARCH.
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