Md. Code Regs. 14.04.08.08

Current through Register Vol. 51, No. 22, November 1, 2024

Section 14.04.08.08 - Agreement Following Award of Financial Assistance

A. A grantee shall execute a grant agreement or loan agreement with the Corporation, in a form prescribed by the Corporation, that:

(1) Makes disbursement of financial assistance contingent on evidence of IRB approval of the State-funded stem cell research described in the application;

(2) Acknowledges, as appropriate, that an award of financial assistance beyond the current fiscal year may be contingent on future appropriations to the Fund;

(3) Establishes the scope of the State's ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries of the State-funded stem cell research described in the application;

(4) Discusses, as appropriate, other matters related to intellectual property; and

(5) Contains other assurances, as determined by the Corporation, related to the grantee's compliance with applicable law and the terms of the financial assistance.

B. A grantee shall, upon request, provide information to the Commission and Corporation reasonably related to the oversight of an award of financial assistance and the progress and results of the State-funded stem cell research.

Md. Code Regs. 14.04.08.08

Regulation .08 recodified from 14.04.01.08 effective 46:26 Md. R. 1167, eff. 12/30/2019