(a) Funding for the research funding programs are subject to Texas Education Code, §142.004.     
      (b) Limitations on the number of awards that an individual investigator may receive will be recommended by the Advisory Committee and published in the Request for Applications.     
      (c) Budgets recommended by a review panel may be adjusted to comply with the Request for Applications. Budgets recommended by a review panel for a proposal that is in line for funding but has not yet been funded may be decreased to allow award of any remaining funds in the final stages of the funding assignment process.     
      (d) The Coordinating Board shall assign funding to all proposals in order of rank by review panels until the money assigned to that research area allocation is depleted. However, no more than 70 percent of the funds in each of the research program and the technology program may be awarded to eligible institutions from The University of Texas System and the Texas A&M University System.     
      (e) There is no upper limit to the percentage of funds that can be awarded to eligible institutions outside of The University of Texas System and the Texas A&M University System.     
      (f) The Advisory Committee shall recommend research projects and allocation of funds to the Commissioner and the Coordinating Board.     
      (g) The Coordinating Board shall make the final selection of research projects and allocation of funds after considering the recommendations of the Commissioner and the Advisory Committee.     
      (h) Prior to expenditure of funds for any grant, the institution must have an approved budget on file with the Coordinating Board.     
      (i) The Coordinating Board shall work with the Comptroller of Public Accounts to ensure that grants funds are forwarded to the institutions in a timely manner. Funds for the selected awards at public institutions will be held on account with the Comptroller. Funds for independent institutions will be forwarded by warrant in quarterly payments after a contract between the Coordinating Board and the institution is fully executed.     
      (j) An eligible institution and its grant participants to be funded by any of the research funding programs are subject to grant conditions provided by the Coordinating Board.     
     Source Note:        The provisions of this §14.76 adopted to be effective March 2, 2003, 28 TexReg 1859; amended to be effective November 24, 2013, 38 TexReg 8443