Utah Admin. Code R856-1-8 - Grant Amount, Award, and Required Contract
(1) USTAR will
have the discretion to determine the maximum amount of funding that may be
awarded for each round of TAP based on available funds and quality of applicant
pool.
(2) USTAR reserves the right
to award funding for any application in full or in part, to request additional
information, or to reject any or all applications based on the eligibility and
evaluation criteria set forth in these rules and according to the judgment and
discretion of USTAR and the governing authority.
(3) Upon award of the TAP grant, and prior to
any disbursement of funds, Company must enter into a written agreement with
USTAR governing the use of TAP grant funding.
(4) Unless addressed in the terms and
conditions of the written agreement between company and USTAR, the following
provisions shall apply:
(a) company must
remain a Utah-based company for at least five years from initial disbursement
of TAP funding;
(b) company may not
use TAP grant funding to provide a primary benefit to any state other than
Utah; and,
(c) for all other
eligibility requirements, company must maintain eligibility status for the TAP
program until the project is complete, all milestones have been met, final
dispersant of funding has been made, and first year reporting has been
completed.
(5)
Violations of Section R856-1-8(4) may result in the forfeiture of grant funding
and may require repayment all or a portion of funds received as part of the TAP
grant.
Notes
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