                                 CODE OF VIRGINIA

CHIEF EXECUTIVE OFFICER OF EACH PUBLIC INSTITUTION OF HIGHER EDUCATION; DUTIES
(§ 23.1-102)

The chief executive officer of each public institution of higher education
shall:

1. Maintain a register that contains a description of all of the property of the
Commonwealth at the institution for the information of the governing board of
the institution and any other interested party.

2. Include in its six-year plan adopted pursuant to &#xA7; 23.1-306 the
following for the most recently ended fiscal year: (i) the assignment during the
year of any intellectual property interests to a person or nongovernmental
entity by the institution, any foundation supporting the intellectual property
research performed by the institution, or any entity affiliated with the
institution; (ii) the value of externally sponsored research funds received
during the year from a person or nongovernmental entity by the institution, any
foundation supporting the intellectual property research performed by the
institution, or any entity affiliated with the institution; and (iii) the number
and types of patents awarded during the year to the institution, any foundation
supporting the intellectual property research funded by the institution, or any
entity affiliated with the institution that were developed in whole or part from
externally sponsored research provided by a person or nongovernmental entity.
The plan shall report separate aggregate data on (a) those persons or
nongovernmental entities that have a principal place of business in the
Commonwealth as reflected in the assignment agreement or awarding documents and
(b) those persons or nongovernmental entities that do not have a principal place
of business in the Commonwealth as reflected in the assignment agreement or
awarding documents.

3. For any institution that maintains an intercollegiate athletics program,
cause to be made out by the proper officer of such institution and forwarded to
the Comptroller annually by December 31 a detailed statement of all athletics
receipts and disbursements of such institution and of any affiliated committee,
group, corporation, or association charged with administering the
intercollegiate athletics program. Such report shall include all receipts from
admission tickets, programs, refreshment concessions, radio, television, and
newsreel or movie rights and all other receipts relating to any athletics
contest or event. The report of disbursements shall include the name of each
person, firm, or corporation to whom such disbursement was made and the amount
of the disbursement. The report shall be kept on file by the Comptroller and
shall be open to public inspection at all reasonable times.

HISTORY: Code 1919, § 999, § 23-4; 1952, c. 172, § 23-1.1; 1979, c. 630;
1986, c. 358, § 23-4.4; 2003, c. 708; 2006, cc. 77, 899; 2009, cc. 325, 810;
2015, cc. 579, 580; 2016, c. 588.