Each institution governed by the New Jersey Conflicts of Interest Law, N.J.S.A. 52:13D-12 et seq., shall include in its code of ethics, procedures for contracts between the institution and officers or employees or firms or corporations in which said officers or employees hold an interest, for the development of scientific or technological discoveries or innovations in which the institution has a property right in accordance with N.J.S.A. 52:13D-19.1 through 19.3.
N.J. Admin. Code § 9A:3-1.4