(a) The full proposals that may be submitted shall be made in the manner and format specified by the Coordinating Board with all requested information included.     
      (b) The Coordinating Board shall appoint as many review panels as necessary that consist of scientists and engineers with recognized expertise recruited from academic, government laboratories, non-profit research centers, and industries under the condition that employees of any institution of higher education in Texas shall not be reviewers.     
      (c) A review panel shall evaluate each proposal, and each review panel shall rank those proposals they consider eligible for funding and select those proposals to be funded.     
      (d) A review panel shall evaluate the budget for each ranked proposal and may recommend a budget that is different from that submitted by the participating institution(s).     
      (e) The Advisory Committee shall review the review panels' selections and then recommend the final list of proposals for funding to the Coordinating Board.     
     Source Note:        The provisions of this §14.73 adopted to be effective March 2, 2003, 28 TexReg 1859; amended to be effective November 24, 2013, 38 TexReg 8443