Oklahoma Administrative Code
Title 650 - Oklahoma Center for the Advancement of Science and Technology
Chapter 38 - STTR Matching Funds Program
Section 650:38-1-11 - Contract provisions
Universal Citation: OK Admin Code 650:38-1-11
Current through Vol. 41, No. 13, March 15, 2024
(a) Professional service contract. The mechanism for funding an OCAST STTR Matching Funds Program award shall be a professional service contract between OCAST and the applicant. Program requirements concerning the expenditure of federal Phase II funds shall be as specified in the OCAST STTR Matching Funds Program Specifications and Solicitation. Funding of professional service contracts shall be subject to the availability of resources and approval of OCAST.
(b) Contractor obligations.
(1)
Concurrent funding prohibited. The contractor shall not receive
concurrent funding support from other sources which duplicates the purpose of
the funds to be provided by OCAST
(2)
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.
(3)
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.
(4)
Audits. The contractor shall
comply with the audit policy of OCAST.
Added at 24 Ok Reg 2666, eff 7-12-07
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