We have heard through the research administration grapevine about an IRS
ruling (not sure of the specific reference) regarding negotiation of
intellectual property rights with private companies.

Apparently, the IRS' position is that a state-assisted university, by
"giving away" any and all intellectual property rights when doing research
for a for-profit company, may threaten the tax-exempt status of any bonds
the university may have outstanding.

We don't have any other details on this other than what I've outlined above.
Has anyone else heard about this ruling?
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Barry W. Tate, CPA, Director
Contract & Grant Administration
Sam Houston State University
xxxxxx@shsu.edu