§8551 Development and Operation of the Naval Innovation Center at the Naval Postgraduate School

Summary

The Navy Secretary can make a deal with one or more eligible nonprofit groups to design, build, and run a multipurpose building called the Naval Innovation Center at the Naval Postgraduate School. The center will bring people together to speed up new technologies and support education, training, research, and related activities for the Naval Postgraduate School and the Department of Defense. The Secretary can take money from a partner for any part of building the center, and can accept money, property, or services from other covered entities to help maintain it. The Navy can accept gifts meant for the center, must follow most rules in section 2601 (except subsections (b), (c), and (e)), can give public recognition to contributors under written rules, can sell donated property if the sale is arm’s-length and auditable, and must put gift money and sale proceeds into a Treasury fund for the center. The Secretary may add contract terms needed to protect U.S. interests. Covered entity: a business or a nonprofit. Eligible nonprofit organization: a 501(c)(3) tax-exempt group whose main job is to support the Naval Postgraduate School. Partner organization: an eligible nonprofit that signs the agreement with the Navy.