[§304A-111]  Indemnification ofcollaborating institutions.  (a)  The board of regents may indemnifycollaborating institutions from claims arising against them for the grossnegligence or wilful misconduct of the university's officers, employees, andagents in the course of their employment, in connection with the university'suse, storage, or disposal of materials owned or licensed by a collaboratinginstitution that are purchased by the university from or transferred to theuniversity by the collaborating institution for research or training purposes.

(b)  The university shall use the materialstransfer agreements recommended and approved by the Association of UniversityTechnology Managers to confer the indemnification authorized by this section.

(c)  Indemnification claims authorized by thissection shall be payable solely from the moneys and property of the universityand shall not constitute a general obligation of the State or be secureddirectly or indirectly by the full faith and credit of the State or the generalcredit of the State or by any revenues or taxes of the State.  The board ofregents may obtain loss insurance to cover the liability of the university thatmay arise under this section; provided that loss insurance for the university shallbe at the university's expense. [L 2006, c 75, pt of §2]