52:9X-9 - Duties of commission
52:9X-9 Duties of commission.
9.The commission shall:
a.Be responsible for the development and oversight of policies and programs in science and technology for New Jersey;
b.Ensure that the programs in science and technology are adequately funded to achieve their stated goals;
c.Stimulate academic-industrial collaboration through such mechanisms as advanced technology centers, innovation partnership grants, business incubation facilities, and technology extension services;
d.Plan and assist in the establishment of new advanced technology centers, business incubation facilities, and technology extension services and adopt rules and regulations regarding the operation of these activities;
e.Coordinate activities of the advanced technology centers, business incubation facilities and technology extension services in conjunction with designated public and private institutions of higher education;
f.Recommend funding levels, determine eligible fields and supervise the process of making awards for innovation partnership grants;
g.Continue to identify and to support research opportunities at New Jersey academic institutions and other institutions that can advance economic development and employment;
h.Encourage and coordinate activities to help entrepreneurs and inventors;
i.Stimulate technology transfer between higher education institutions and industry, including transfer of information available from various federal agencies;
j.Appoint a peer review committee, where warranted, for each of the fields of technology, drawn from the academic, scientific and industrial communities to review all situations involving either competitive applications for agency support or judgments on complex scientific or technological matters with the stipulation that neither reviewers nor their affiliated institutions shall be eligible as applicants;
k.Monitor changes in national and international economic conditions which might justify a reorientation of the State's technology program;
l.Identify future fields of science and technology that offer potential for application in New Jersey and help to find funding sources;
m.Adopt rules and regulations pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) to effectuate the provisions of this act, consistent with the rules and regulations of the Commission on Higher Education;
n.Adopt, amend and repeal bylaws for the regulation of its affairs and the conduct of its business;
o.Adopt and have a seal and alter the same at pleasure;
p.Have authority to sue and be sued;
q.Have authority to conduct meetings and public hearings in connection with the purposes of this act;
r.Have authority to enter into contracts, public and private, with a person upon those terms and conditions as the commission determines to be reasonable and to effectuate the purposes of this act;
s.Employ consultants and specialists in science and technology and any other employees as may be required in the judgment of the commission to effectuate the purposes of this act, and to fix and pay their compensation from funds available therefor, all without regard to the provisions of Title 11 of the Revised Statutes;
t.Receive and disburse funds from non-State sources including but not limited to federal funds;
u.Have authority to receive a percentage of royalty payments from any intangible property, as that term is defined in section 5 of P.L.2002, c.40 (C.54:10A-4.4), awarded to any science and technology company that received assistance from the commission and which assistance led to the awarding of the intangible property, as appropriate, except that three-fourths of the amount of any royalty payments received by the commission shall be remitted to the State Treasurer for deposit in the General Fund pursuant to an agreement with the State Treasurer; and
v.Have authority to do any and all things necessary or convenient to carry out its purposes and exercise the powers granted in this act.
L.1985,c.102,s.9; amended 2005, c.272, s.1.
52:9X-9.1.Short title
1. This act shall be known and may be cited as the "New Jersey High Technology and Biotechnology Industry Promotion Act."
L.1995,c.277,s.1.
52:9X-9.2.Findings, declarations relative to biotechnology, high technology industries
2. The Legislature finds and declares it to be the policy of this State that:
a. The New Jersey, Philadelphia and New York region contains the second largest concentration of biotechnology companies in the country; and
b. Nationwide, the biotechnology industry has grown from 100 companies in 1970 to over 1200 companies today, employing approximately 140,000 people across the country. Biotechnology industry sales are expected to reach $50 billion by the year 2000; and
c. The continued growth of New Jersey's biotechnology and other high technology industries is integral to the creation of high-skill jobs and the growth of the State's economy in the 1990's and on into the 21st century; and
d. The promotion of New Jersey's high technology industry, including its biotechnology industry, and the attraction to the State of biotechnology and other high technology companies is vital and necessary to the people of this State.
Therefore, it is necessary and important to the economy of this State that a program be established to promote biotechnology and other high technology industries in New Jersey and to attract biotechnology and other high technology companies to the State.
L.1995,c.277,s.2.