90-3-1002. Research and commercialization expendable trust. (1) There is a research and commercialization expendable trust fund within the state treasury. The purpose of the fund is to establish a permanent source of funding for research and commercialization projects to be conducted at research and commercialization centers in the state.
     (2) The research and commercialization expendable trust fund must be invested by the board of investments. Earnings on the expendable trust fund must be deposited in the fund for distribution pursuant to 90-3-1003(3) and (5).

     History: En. Sec. 2, Ch. 563, L. 1999.