Okla. Admin. Code § 650:15-1-11

Current through Vol. 42, No. 4, November 1, 2024

Section 650:15-1-11 - Award provisions

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

(b)Matching funds; documentation. Documentation shall be provided that the required matching funds, as specified in the statute, are provided by sources other than OCAST and other than state-appropriated money [74 O.S., Section 5060.12].

(1) If equipment serves as part of the matching requirement, documentation shall verify:

(A) that the Center has received the donated machinery,

(B) that it has been used for nothing more than testing to ensure quality control or for demonstration purposes by a wholesaler or retailer and

(C) the amount of its fair market value [74 O.S., Section 5060.12].

(2) An approved Center shall have ninety (90) days to submit a final verification of receipt of matching funds.

(3) 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 provision. Execution of a contract shall be contingent upon submission of a statement of patent policy to which all of the Center's participants have agreed.

Okla. Admin. Code § 650:15-1-11

Amended at 19 Ok Reg 3080, eff 9-9-02 through 7-14-03 (emergency)¹; Amended at 20 Ok Reg 2734, eff 8-11-03

¹This emergency action expired before being superseded by a permanent action. Upon expiration of an emergency amendatory action, the last prior permanent text is reinstated. Therefore, on 7-15-03 (after the 7-14-03 expiration of the emergency action), the text of Section 650:15-1-11 reverted back to the permanent text that was effective prior to enactment of the emergency action on 9-9-02, as was last published in the 2001 Edition of the OAC, and remained as such until amended by permanent action on 8-11-03.