With a couple of exceptions, it authorizes "free and open access" under a CC-BY license to all the intellectual property the institution "owns or co-owns".
Two more excerpts:
Unless specifically contracted to do so, nothing in this policy is to be interpreted as the Polytechnic claiming any form of ownership over research outputs....
[However,] the Polytechnic encourages staff and students to support free and open access to IP and also to apply the Creative Commons Attribution framework to work created.
Posted by
Peter Suber at 3/20/2008 05:57:00 PM.
The open access movement:
Putting peer-reviewed scientific and scholarly literature
on the internet. Making it available free of charge and
free of most copyright and licensing restrictions.
Removing the barriers to serious research.
I recommend the OA tracking project (OATP) as the best way to stay on top of new OA developments. You can read the OATP feed on a blog-like web page or subscribe to it by RSS, email, or Twitter. You can also help build the feed by tagging new developments you encounter.