Relates to the establishment of the centers of excellence program

4 Co-sponsors

• William Magnarelli
• Francine DelMonte
• Dennis H. Gabryszak
• Marc Alessi

BILL NUMBER:A10009

Title of bill

An act to amend the public authorities law, in relation to the establishment of the centers of excellence program

Purpose Or General Idea Of Bill: To codify the centers of excellence program and its reporting requirements.

Summary Of Specific Provisions: The legislation codifies the Centers of Excellence program that has been operating since 2002 and requires centers to annually submit a plan for commercializing products or proc- esses based on innovations developed at center facilities and -their strategies for commercializing such products or processes within New York state. The legislation also requires the executive director of the Foundation for Science, Technology and Innovation to submit annual reports on each Center on such items as funds received from all sources; operating budgets; staffing; partnerships; governance; commercializa- tion; jobs created; relationships established with venture groups; collaborations with secondary, post-secondary Institutions- and compa- nies; intellectual property agreements; patents; anti awards. The legis- lation also requires the executive director to submit annual strategic plans that Include the broad mission and focus of each center as well as the metrics that will be used to measure achievement of the centers' goals,

Effects Of Present Law Which This Bill Would Alter: Adds a new section 3153-a and amends section 3155 of public authorities law.

Justification: The Center of Excellence program was authorized In the State budget for FY 2002-03. This bill would codify the program to main- tain its purposes, goals and enhance accountability.

Prior Legislative History: None

Fiscal Implications For State And Local Governments: None

Effective Date: Immediately