California Code of Regulations
Title 10 - Investment
Chapter 7.7 - Department of Commerce: Competitive Technology Program
Article 3 - Grants
Section 5430 - Multiyear Grants

Universal Citation: 10 CA Code of Regs 5430

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) Not less than ninety (90) nor more than one hundred and twenty (120) days prior to the anniversary date of a multiyear grant, the grantee shall provide to the agency a written report on the status of the project. Such report shall include:

(1) a discussion of how the project has met the scientific and technological goals stated in the application;

(2) a discussion of how the project has met each of the program goals set forth in Sections 5417 to 5422; and

(3) a financial statement detailing the expenditure of grant funds for project costs.

(b) The secretary shall be authorized but not required to forward such reports to the agency staff and other persons designated by the secretary for recommendations regarding continued funding.

(c) A decision regarding continued grant funding shall be based on the availability of funds, submission of the report required by this section and substantial compliance by the grantee during the preceding year with the terms and conditions of the grant agreement.

(d) Within forty-five (45) days of receipt of the report required by this section, the secretary shall notify the grantee in writing whether or not funding, if and when available, shall be continued for the next year.

1. Repealer by operation of Government Code section 11346.1(g) and new section filed 8-20-89; operative 8-20-89 (Register 89, No. 31). For prior history, see Register 89, No. 2.
2. Change without regulatory effect amending subsections (a), (b) and (d) filed 2-7-94 pursuant to title 1, section 100, California Code of Regulations (Register 94, No. 6).

Note: Authority cited: Section 15379.9, Government Code. Reference: Sections 15333.5 and 15379.3, Government Code.

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