Relating to use of patent revenues for critical investments.

Requires state agency that grants or lends moneys for capital costs of research center to obtain right to receive portion of revenue derived from patents obtained from work by research center. Provides that revenues derived from patents be used for grant programs related to emergency preparedness, innovation-based economic development, energy-related innovation, regionally determined innovation priorities and capital costs related to emergency preparedness. Requires Office of Emergency Management to develop and administer grant program to purchase emergency preparedness equipment throughout state. Establishes Critical Priority Resiliency Grant Fund to fund grant program. Requires Oregon Business Development Department to develop and administer grant program to promote innovation-based economic development in this state. Establishes Critical Priority Innovation Grant Fund to fund grant program. Requires Department of Education to develop and administer grant program to promote research and development of energy-related technologies. Establishes Critical Technology Capitalization Fund to fund grant program.