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 Oklahoma Administrative Code (Last Updated: March 11, 2021)
 TITLE 650. Oklahoma Center for the Advancement of Science and Technology
 Chapter 30. SBIR Phase I Incentive Funding Program

  SECTION 650:30-1-11. Contract provisions  

Latest version.
  • (a)   Professional service contract. The mechanism for funding an SBIR Phase I Incentive Funding Program winner shall be a professional service contract between OCAST and the applicant.
    (1)   The professional service contract may be used to reimburse costs incurred in the preparation of an SBIR Phase I proposal.
    (2)   The contractor shall not receive concurrent funding support from other sources which duplicates the purpose of the funds to be provided by OCAST.
    (3)   Applicant must conduct more than 50% of the research described in the federal SBIR proposal in Oklahoma and must maintain Oklahoma residency for the duration of the federal grant.
    (4)   Funding of professional service contracts shall be subject to the availability of resources and approval of OCAST
    (5)   OCAST is not obligated to enter into any funding contracts in the event of a determination of ineligibility.
    (b)   Contractor obligations.
    (1)   Records and accounts. The contractor shall maintain records and accounts that properly document and account for the source and application of all project funds and all such records and accounts shall be made available on demand by OCAST for inspection and use in carrying out its responsibilities for administration of the funds.
    (2)   Access and examination. The contractor shall, as OCAST deems necessary, permit authorized representatives of OCAST and the State of Oklahoma to have full access to and the right to fully examine all records and accounts.
    (3)   Audits. The contractor shall comply with the audit policy of OCAST.
[Source: Amended at 19 Ok Reg 3085, eff 9-9-02 through 7-14-03 (emergency); Amended at 20 Ok Reg 2739, 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EDITOR’S NOTE: This emergency action expired before being superseded by a permanent action.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 650:30-1-11 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.