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An Act
ENROLLED SENATE
BILL NO. 1670 By: Reinhardt of the Senate
and
Moore, Archer, Blancett,
and Deck of the House
An Act relating to higher education; amending 70 O.S.
2021, Section 3206.3, which relates to research and
development at institutions of higher education;
directing certain policy established by the Oklahoma
State Regents for Higher Education to include certain
tiered system of ownership and require certain
compensation; adding area of encouragement for
certain development; requiring certain policies to be
reviewed with certain frequency; updating statutory
language; providing an effective date; and declaring
an emergency.
SUBJECT: Higher education
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 70 O.S. 2021, Section 3206.3, is
amended to read as follows:
Section 3206.3. A. The Oklahoma State Regents for Higher
Education shall:
1. Establish, pursuant to the requirements of this paragraph, a
model policy, which to the extent not inconsistent with this section
may be adapted by the governing board of regents for each
institution within The Oklahoma State System of Higher Education,
regarding:
ENR. S. B. NO. 1670 Page 2
a. the use of facilities, whether consisting of real
property, personal property, intangible personal
property, or any combination of such properties,
within The Oklahoma State System of Higher Education,
for the purpose of conducting research, the principal
purpose of which is to develop or refine a product,
process, or idea in cooperation with a private
business entity in order to market the product,
process, or idea for profit,
b. the investment of value available to institutions
within The Oklahoma State System of Higher Education,
in private business entities or the receipt of royalty
income from a private business entity, or both, in
conjunction with research and development conducted on
the premises of or with the assistance of institutions
within The Oklahoma State System of Higher Education,
its faculty, staff, or students,
c. a method to inform the faculty, staff, students, and
third parties conducting research on the premises of
or with the assistance of the faculty, staff, or
students of an institution within The Oklahoma State
System of Higher Education of the policies developed
pursuant to this paragraph, and
d. the extent to which professors and other faculty and
students at institutions within The Oklahoma State
System of Higher Education may acquire property
interests in technology developed on the premises of
or with the assistance of an institution within The
Oklahoma State System of Higher Education or a
property interest in the revenues derived by the sale,
marketing, licensing, or other disposition of
technology by an institution within The Oklahoma State
System of Higher Education or by a private business
entity conducting research or engaged in the
development of technology on the premises of or with
the assistance of an institution within The Oklahoma
State System of Higher Education. The policy shall
include a tiered system of ownership based on the
amount of revenue generated from the new technology.
ENR. S. B. NO. 1670 Page 3
The policy shall also ensure that the inventor or
discoverer is compensated competitively to similarly
situated institutions; and
2. Establish policies for institutions within The Oklahoma
State System of Higher Education to:
a. encourage development of a product, process, or idea,
regardless of whether or not the product, process, or
idea is protectable under the intellectual property
laws of the United States or of this state, and to
encourage the institutions to take such actions as may
be appropriate in order to promote the development of
products, processes, or ideas having a potential for
the improvement or advancement of:
(1) medical technology,
(2) biotechnology,
(3) energy technology,
(4) telecommunications technology,
(5) chemical technology,
(6) industrial technology, and
(7) aerospace and defense, and
(8) such other technologies as are deserving of the
resources and assistance available through
institutions and the faculty and students of
institutions within The Oklahoma State System of
Higher Education,
b. develop appropriate methods to maintain a system for
recording the nature of research being conducted at
institutions within The Oklahoma State System of
Higher Education and the results of research having
potential for protection pursuant to the intellectual
ENR. S. B. NO. 1670 Page 4
property laws of the United States or of this state,
and
c. develop a system to account for:
(1) expenses associated with research and development
conducted on the premises of or with the
assistance of an institution within The Oklahoma
State System of Higher Education,
(2) the financial relationships, if any, established
between those institutions and private business
entities,
(3) the acquisition of equity interests in private
business entities,
(4) the receipt of royalty income or other income
related to the sale or other disposition of
products, processes, or ideas by institutions or
private business entities with which the
institution has established a financial
arrangement,
(5) the gains or losses upon the sale or other
disposition of equity interests in private
business entities, and
(6) such other matters relating to the income and
expenses associated with the research,
development, intellectual property protection,
marketing, distribution, or other matters as the
State Regents determine to be appropriate.
B. Any policy created by the State Regents or institutions
within The Oklahoma State System of Higher Education pursuant to
this section shall be reviewed every seven (7) years to ensure that
the policy is still competitive among comparable institutions of
higher education.
SECTION 2. This act shall become effective July 1, 2026.
ENR. S. B. NO. 1670 Page 5
SECTION 3. It being immediately necessary for the preservation
of the public peace, health, or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
ENR. S. B. NO. 1670 Page 6
Passed the Senate the 12th day of March, 2026.
Presiding Officer of the Senate
Passed the House of Representatives the 6th day of May, 2026.
Presiding Officer of the House
of Representatives
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of __________________, 20 _______, at _______ o'clock _______ M.
By: _________________________________