The OIT shall provide funds for economic development projects that stimulate the development of technology-based businesses, the development of the technology economy in rural areas, and the facilitation of joint public-private technology research and development projects. [74 O.S. Supp. 2002, § 5060.3(B)]. The OSTRaD Board shall approve all specifications of any program operated by the OIT and any changes made thereto.
Okla. Admin. Code § 650:45-5-1