15-1647. Distribution of licensing and patent
income; Arizona state university; report
A. Notwithstanding any other law, Arizona state university shall distribute the
gross or net income derived from the licensing and other revenues derived from patents
including anticancer, antiviral, antifungal or antimicrobial drug discoveries or
inventions, including up-front payments, royalties and any other subsequent or eventual
revenue attributable to commercialization.
B. The distribution of income received pursuant to subsection A shall be detailed
by Arizona state university in an audited annual report. Arizona state university shall
specify the expenditures and actual expenses in the audited annual report. The report
shall be distributed annually to the president of the Arizona board of regents, the
governor, the president of the senate, the speaker of the house of representatives, the
secretary of state and the department of library, archives and public records.
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