Okla. Admin. Code § 650:11-1-10

Current through Vol. 41, No. 24, September 3, 2024

Section 650:11-1-10 - Award provisions

(a)Funding subject to availability. Funding of applications recommended for approval by the IPC shall be subject to availability of resources and approval of the OSTRaD Board.

(b)Matching funds; documentation.

(1) Private enterprises, nonprofit organizations (e.g., private foundations). Documentation that not less than fifty percent (50%) of the total direct cost of the proposed project will be provided by sources other than OCAST and other state-appropriated money [74 O.S., Section 5060.44]. Such sources may be in the form of salary, cash, nonstate grant funds, and other sources of funding as defined by OCAST. No portion of the matching funds from a private enterprise or nonprofit organization may be provided by in-kind services performed by the enterprise. [74 O.S., Section 5060.44]

(2) Funds from grants or contracts. Funds received from federal or private grants or contracts, to be used as matching funds, shall be allowed throughout the life of the contract.

(c)Additional award provisions. Any additional award provisions shall be recommended by the IPC, approved by the OSTRaD Board, and announced in the Funding Opportunity Announcement.

Okla. Admin. Code § 650:11-1-10

Adopted by Oklahoma Register, Volume 39, Issue 22, August 1, 2022, eff. 7/1/2022; adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/11/2023