Okla. Admin. Code § 650:13-1-7

Current through Vol. 42, No. 8, January 2, 2025

Section 650:13-1-7 - Funding terms

(a)Competition dates. The FOA for this Program will be made available to the public upon receipt of a notice of appropriation for the program by OCAST and the program FOA will open to begin receiving applications 30 days hence. The FOA will close when all funds appropriated for the Program have been exhausted.

(b)Allocations. The Oklahoma Research and Development Attraction Act stipulates that OCAST may award matching funds, from non-state appropriations, up to fifty percent (50%) of the cost of the research and development project, not to exceed One Hundred Thousand Dollars ($100,000.00). An Oklahoma-based business may receive only one matching award under the Program per state fiscal year.

(c)Contract periods. The length of a contract shall not be less than one (1) month. The maximum contract period shall be recommended by OCAST and approved by the OSTRaD Board.

(d)Additional funding terms. Any additional funding terms shall be recommended by OCAST, approved by the OSTRaD Board, and announced in the FOA.

Okla. Admin. Code § 650:13-1-7

Adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/11/2023