R357-11-8. Requirements for Grant Recipients

  (1) Contract

  (a) An applicant who is awarded a TCIP grant must sign a contract with the State of Utah prior to receiving any funds

  (2) Sub-Contracts

  (a) Grant Recipients are prohibited from subcontracting with another entity to administer the new technology funded by the Grant.

  (3) Time in State

  (a) Grant recipients will be expected to retain their company, and supported technology, and exploit the technology in the State of Utah for a minimum period of five years from the date of their agreement with the State.

  (b) Any applicant who fails to maintain a manufacturing or service location in the state or who fails to exploit the new technology from a location in the state will be subject to recapture of the grant funding, subject to the provisions of Utah Code Section 63N-3-204(2)(d) and R357-11-8.

  (4) Authorization to disclose tax information

  (a) Licensee grant recipients will be required to sign an authorization to disclose tax records for up to five years from the date of their agreement with the State.

  (5) Mentoring Program

  (a) Grant awardees may be required to participate in the TCIP Mentoring Program in order to secure funding.

  (b) If a grant award is contingent on participation in the TCIP Mentoring Program, an awardee will be required to show active participation in the program prior to receiving any or part of the grant funding as outlined in recipient's contract.