Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-11 - Technology Commercialization and Innovation Program (TCIP)
Section R357-11-5 - Matching Funds
Universal Citation: UT Admin Code R 357-11-5
Current through Bulletin 2024-06, March 15, 2024
(1) Matching funds may be considered in granting an award if the Office provides notice of such a requirement in the application. If considered a grant recipient must show proof of the matching funds.
(2) Matching funds may be raised and spent at any time prior to submitting an invoice to the TCIP
(a) Grant recipient must submit bank
statements (for Licensees) or financial statements (for Universities)
demonstrating that the matching funds were available during the match
period.
(b) If matching funds have
been required by the Office to be a condition precedent to a grant award,
matching funds do not have to be in place at the time of the application, but
must be in place before TCIP funds are disbursed within the contract period of
one year.
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