Effective - 14 Jul 2010
173.1205. Ownership or membership interest in entities, not deemed governmental or quasi-governmental bodies, when. — 1. Notwithstanding any other provision of law, a for-profit or not-for-profit entity in which a public institution of higher education holds an ownership or membership interest shall not be deemed to be a public governmental body, quasi-public governmental body, or part of a public governmental body or quasi-public governmental body or otherwise subject to 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, provided that the public institution of higher education maintains as an open record an annual report, available no later than October first each year, identifying:
(1) The name and address of the entity, the amount of funds paid to such entity by the institution, any nonmonetary benefits received by the entity from the institution, and the purpose for which such funds were paid or benefits provided;
(2) The amount of funds received by the institution from such entity; and
(3) Any employees of the institution who received funds or other things of value from such entity and the purpose and amount of such funds or other things of value.
2. This provision shall not be construed to broaden the definition of public governmental body found in section 610.010, nor shall it otherwise be construed to mean, imply, or suggest that any entity constitutes a public governmental body unless such entity meets the definition of that term found in section 610.010.
3. Notwithstanding any other provision of law, 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 a proposal or agreement to license intellectual property or perform sponsored research, in connection with opportunities for or results of collaboration involving students, faculty, or staff, or in connection with activities by the public institution of higher education to promote or pursue economic development and which contain sales projections or other business plan, financial information, or trade secrets the disclosure of which may endanger the competitiveness of a business.
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(L. 2010 S.B. 733)
Effective 7-14-10
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 173 - Department of Higher Education and Workforce Development
Section 173.003 - Retirement and severance policies, uniformity requirement.
Section 173.007 - Commissioner of education, appointment by board — compensation — powers — duties.
Section 173.020 - Responsibilities of the coordinating board.
Section 173.030 - Additional responsibilities.
Section 173.035 - Resources, website directing students to — rulemaking authority.
Section 173.040 - Reports to governor and general assembly, contents.
Section 173.050 - Powers of coordinating board.
Section 173.081 - Rules and regulations, promulgation procedure.
Section 173.091 - Senior citizens' tuition exemption, qualifications, limitations, fee.
Section 173.093 - Limitations on awards of financial assistance.
Section 173.095 - Declaration of policy.
Section 173.100 - Definitions.
Section 173.105 - Board and department duties — required federal reports, submitted to whom.
Section 173.125 - Dispute resolution requirements.
Section 173.130 - Funds not currently needed may be invested, how.
Section 173.141 - Authorized actions of the board.
Section 173.150 - Recovery of loans.
Section 173.160 - Standards of eligibility for loans.
Section 173.170 - Standards of eligibility of loan agreements — discrimination prohibited.
Section 173.180 - Filing of regulations.
Section 173.186 - Guarantors of student loans, eligibility requirements.
Section 173.187 - Lender of last resort revolving fund, established, administration.
Section 173.252 - Interest, guaranty student loan fund, use of.
Section 173.258 - Director to deposit funds in kids' chance scholarship fund, when.
Section 173.270 - Foster care or residential care students, waiver of tuition and fees, when.
Section 173.275 - Foreign gifts to institutions — disclosure to department, when, how, contents.
Section 173.300 - Compact adopted.
Section 173.310 - Bylaws to be filed with secretary of state.
Section 173.320 - Selection of legislative members.
Section 173.330 - Commission members' expenses paid.
Section 173.350 - Citation of law.
Section 173.355 - Definitions.
Section 173.375 - Bond requirements for members of authority — filed where.
Section 173.380 - Conflict of interest, procedure to avoid.
Section 173.386 - Assets may not be used for payment of debt.
Section 173.387 - Authority may be originator of guaranteed student loan, conditions.
Section 173.393 - Misuse of moneys by recipient becomes liability, repayment of moneys.
Section 173.395 - Issuance of more than one series of bonds, requirements — refunding authorized.
Section 173.400 - Bonds construed to be negotiable instruments.
Section 173.410 - State or political subdivision not liable, statement on face of bond required.
Section 173.435 - Institutions and fiduciaries may invest in bonds.
Section 173.440 - Tax exemptions, bonds — exception.
Section 173.445 - Authority assigned to department of higher education — reports required.
Section 173.475 - No discrimination in hiring based on lack of a graduate degree, when.
Section 173.480 - Higher education capital fund created, use of moneys.
Section 173.600 - Definitions.
Section 173.602 - Certificate of approval required to offer courses for sale or solicit students.
Section 173.616 - Schools and courses that are exempt from sections 173.600 to 173.618.
Section 173.618 - Unlawful practices — injunction, board action — penalty.
Section 173.619 - Rules, promulgation.
Section 173.680 - Study on most frequent IT certifications requested by employers — report.
Section 173.700 - Midwestern higher education compact.
Section 173.705 - Midwestern higher education commission — members.
Section 173.708 - Membership of commission — terms — vacancies.
Section 173.730 - International student exchanges — matching funds.
Section 173.735 - Institutions of higher education, conflict of interest policy.
Section 173.754 - Unlawful use false or misleading degree, when — violation, penalty.
Section 173.775 - Citation — fund created.
Section 173.778 - Definitions.
Section 173.781 - High demand occupations and areas, board's duties.
Section 173.784 - Limitations on participation.
Section 173.787 - Loan forgiveness, when.
Section 173.790 - Contract for participation, terms and conditions.
Section 173.793 - Not a guarantee of admission, attendance, or graduation.
Section 173.796 - Tax credit for donations to fund — tax credits prohibited, when.
Section 173.1000 - Citation of law.
Section 173.1101 - Citation of law — references to program.
Section 173.1102 - Definitions.
Section 173.1103 - Board to administer program, duties of the board — fund created, use of moneys.
Section 173.1105 - Award amounts, minimums and maximums — adjustment in awards, when.
Section 173.1106 - Other financial assistance to be reported to board.
Section 173.1107 - Transfer of recipient, effect of.
Section 173.1108 - Inapplicability of sunset act.
Section 173.1350 - Grants authorized, amount, eligibility.
Section 173.1352 - Advanced placement exams, undergraduate course credit, when.
Section 173.1400 - Verification issued, when — form, information.
Section 173.2505 - Scholarship eligibility — amount of scholarship, limitation — fund created.