Maryland Statutes
Part III - Stem Cell Research
Section 10-435 - Grant and Loan Conditions

(a)    A grant or loan awarded under this part is contingent on the recipient:
        (1)    submitting to the Commission approval from an institutional review board; and
        (2)    entering into a memorandum of understanding with the Corporation that:
            (i)    establishes the scope of the State’s ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries of State-funded stem cell research; and
            (ii)    to the extent consistent with federal and State law, reflects the intellectual property policies of the institution.
    (b)    A recipient shall submit the approval required under subsection (a)(1) of this section within 6 months after the award of the grant or loan.
    (c)    The Corporation may not disburse grant or loan money to a recipient until:
        (1)    the recipient has obtained the approval required under subsection (a)(1) of this section; and
        (2)    the recipient and the Corporation have entered into the memorandum of understanding required under subsection (a)(2) of this section.

Structure Maryland Statutes