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§ 5003.10h. Promulgation of rules

Oklahoma Statutes AnnotatedTitle 74. State GovernmentEffective: November 1, 2022

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 70. Department of Commerce (Refs & Annos)
Department of Commerce
Effective: November 1, 2022
74 Okl.St.Ann. § 5003.10h
§ 5003.10h. Promulgation of rules
OCAST shall promulgate rules to enforce the provisions of the Research and Development Attraction Program, including the following:
1. The application process for applying for matching funds;
2. The criteria to be used by OCAST to evaluate matching funds applications from Oklahoma-based small businesses and to determine the amount of the award;
3. OCAST shall include in its annual report the evaluation metrics which will be gathered to report efficacy of this Program back to the State of Oklahoma, which may include, but will not be limited to, volume of applications, technological diversity of companies taking up the Program, the success of Oklahoma-based small businesses at raising follow-on capital rounds or advancing in technological readiness level (TRL), and follow-on capital spent in the state and at Oklahoma-based research entities; and
4. The agreements that Oklahoma-based small businesses must enter into in regard to claiming matching funds and to ensure compliance in spending of matching funds.

Credits

Laws 2022, c. 322, § 3, eff. Nov. 1, 2022.
74 Okl. St. Ann. § 5003.10h, OK ST T. 74 § 5003.10h
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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