Sens. Mike Lee and Mitt Romney have reintroduced legislation to remove the federal government's 'reversionary interest' on the University of Utah's Research Park.
University of Utah Research Park Act
"We're coming together to ensure that Research Park remains a thriving center for research and development. By doing so, we will support the University of Utah's continued success and foster economic growth and job creation throughout our state," the press release states. One practical implication of the patent is any time the university wants to address Research Park's management plan, "you have to go through the federal government, including the BLM," said Jason Perry, the U.'s vice president for government relations.Perry said the federal government is not "an adverse party" to the legislation, Perry said.
Lee and Romney introduced the University of Utah Research Park Act during the 117th Congress with the support of the state's entire congressional delegation, U. President Taylor Randall, Utah Gov. Spencer Cox and Salt Lake City Mayor Erin Mendenhall.
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