SECTION 650:25-1-11. Award provisions

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

(b)   Matching funds. Criteria for matching funds:

(1)   For research professional service contracts, OCAST shall match One Dollar ($1.00) from the MOST Eminent Scholars and Research Equipment Account for every One Dollar ($1.00) of monies that will be raised by such institution for matching purposes. [74 O.S., Section 5060.13] Any additional matching requirements shall be recommended by the MOST Committee, approved by the OSTRaD Board and specified in the solicitation. Documentation shall be provided that the required matching funds are provided by sources other than OCAST and other than state-appropriated funds. [74 O.S., Section 5060.13]

(2)   Documentation of the matching amount must be received by OCAST within the time period specified in the solicitation. Should the documentation of matching funds not be received within the specified time period, the funds awarded by OCAST will revert to the MOST Eminent Scholars and Research Equipment Account.

[Source: Amended at 19 Ok Reg 3083, eff 9-9-02 through 7-14-03 (emergency); Amended at 20 Ok Reg 2737, eff 8-11-03]

Note

EDITOR’S NOTE: This emergency action expired before being superseded by a permanent action.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 650:25-1-11 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.