Summary


The current rule requires payment be made only on a reimbursement basis. This requirement is being removed because the program is designed to provide gap financing for technologies that are ready to move to a commercialization phase. The reimbursement requirement was found to be prohibitive causing awardees to forfeit the award altogether. The rule also references the requirement for matching funds which again became a prohibitive requirement that forced awardees to forego receiving an award and countering the legislative intent of the program.