Innovation and commercialization development fund.

; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; ; courier new tur ; arial (vietnamese) ; courier new (arabic) ; times new roman ce ; tahoma (vietnamese) ; arial (hebrew) ; times new roman cyr ; courier new greek ; symbol ; tahoma (hebrew) ; arial ; arial baltic ; arial tur ; times new roman (arabic) ; courier new ; imperial bt ; tahoma ce ; wingdings ; tahoma cyr ; times new roman tur ; courier new ce ; tahoma ; courier new (hebrew) ; arial (arabic) ; courier new baltic ; courier new cyr ; times new roman ; tahoma baltic ; tahoma (arabic) ; arial ce ; courier new (vietnamese) ; tahoma (thai) ; times new roman greek ; tahoma greek ; tahoma tur ; times new roman (hebrew) ; times new roman baltic ; times new roman (vietnamese) ; arial greek ; arial cyr ; \* .;
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 ?; ; ; Normal ; heading 1 ; heading 2 ; heading 3 ; heading 4 ; heading 5 ; heading 6 ; heading 7 ; heading 8 ; heading 9 ; Balloon Text ; Block Text ; Body Text ; Body Text 2 ; Body Text 3 ; Body Text First Indent ; Body Text First Indent 2 ; Body Text Indent 2 ; Body Text Indent 3 ; caption ; Closing ; annotation text ; annotation subject ; Date ; Document Map ; E-mail Signature ; endnote text ; envelope address ; envelope return ; footer ; footnote text ; header ; HTML Address ; HTML Preformatted ; index 1 ; index 2 ; index 3 ; index 4 ; index 5 ; index 6 ; index 7 ; index 8 ; index 9 ; index heading ; List ; List 2 ; List 3 ; List 4 ; List 5 ; List Bullet ; List Bullet 2 ; List Bullet 3 ; List Bullet 4 ; List Bullet 5 ; List Continue ; List Continue 2 ; List Continue 3 ; List Continue 4 ; List Continue 5 ; List Number ; List Number 2 ; List Number 3 ; List Number 4 ; List Number 5 ; macro ; Message Header ; Normal (Web) ; Normal Indent ; Note Heading ; Plain Text ; Salutation ; Signature ; Subtitle ; table of authorities ; table of figures ; Title ; toa heading ; toc 1 ; toc 2 ; toc 3 ; toc 4 ; toc 5 ; toc 6 ; toc 7 ; toc 8 ; toc 9 ; \~\~ \~\~ \~\~ \~\~ \~\~ 15.412 \~\~ Innovation and commercialization development fund. \~\~ 1. \~\~ a. \~\~ An innovation and commercialization development fund is created in the state treasury under the control of the authority. The fund shall consist of moneys appropriated to the authority and any other moneys available to or obtained or accepted by the authority for placement in the fund. \~\~ b. \~\~ Payments of interest, repayments of moneys loaned pursuant to this section , and recaptures of financial assistance shall be credited to the fund. Moneys in the fund are not subject to section 8.33 . Notwithstanding section 12C.7 , interest or earnings on moneys in the fund shall be credited to the fund. \~\~ 2. \~\~ Moneys in the fund are appropriated to the authority and, with the approval of the board, shall be used to facilitate agreements and enhance commercialization in innovative businesses. Such moneys shall not be used for the support of retail businesses, health care businesses, or other businesses requiring a professional license. \~\~ 3. \~\~ Moneys in the fund may also be used for the following purposes: \~\~ a. \~\~ For assistance to entities engaged in prototype and concept development activities. \~\~ b. \~\~ For developing a statewide commercialization network. \~\~ c. \~\~ For establishing and administering the programs described in section 15.411 . 2009 Acts, ch 82, §2 ; 2011 Acts, ch 118, §87, 89 ; 2012 Acts, ch 1126, §32 ; 2024 Acts, ch 1182, §137, 138 ; 2025 Acts, ch 30, §7 Referred to in §15.111 , 15.116 Subsection 1, paragraph a amended