§10–4D–03.

    (a)    Subject to the provisions of this subtitle, the Corporation shall establish a grant and loan program to provide grants and loans for State–funded, human–relevant animal testing alternatives research.

    (b)    A grant or loan awarded under this subtitle is contingent on the recipient entering into a memorandum of understanding with the Corporation that:

        (1)    establishes the scope of the State’s ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries resulting from State–funded, human–relevant research; and

        (2)    to the extent consistent with federal and State law, reflects the intellectual property policies of the Corporation.

    (c)    The Corporation may not disburse grant or loan money to a recipient until the recipient meets the requirements of subsection (b) of this section.