Administration of act

The department shall: A. be responsible for the administration of the Patent and Copyright Act; B. promulgate rules pursuant to the Patent and Copyright Act; C. apply, on behalf of the state, for the patent protection or registration of copyright and pay the associated expenses; D. share with the inventor, after expenses, fifty percent of the income collected on the invention or work; and E. determine, after a cost-benefit analysis, whether to retain the patent or copyright for the state. History: Laws 2001, ch. 346, § 4.