(a) The decision to recommend a Grant Application for funding is based upon the sufficiency, merit, and, if applicable, Product Development prospects of the Grant Application, as determined by the Institute's Peer Review and Program Review processes as described in this chapter.     
      (b) By submitting a Grant Application, the Grant Applicant understands and accepts that grounds for reconsideration of the Institute's final decision regarding a Grant Application are limited to an undisclosed Conflict of Interest as set forth in Chapter 702 of this title (relating to Institute Standards on Ethics and Conflicts, Including the Acceptance of Gifts and Donations to the Institute).     
      (c) The Grant Applicant shall file a request with the Chief Executive Officer for a review of the Grant Review Process based on the undisclosed Conflict of Interest pursuant to the process and timeline set forth in Chapter 702 of this title.     
     Source Note:        The provisions of this §703.9 adopted to be effective December 21, 2009, 34 TexReg 9213; amended to be effective March 2, 2014, 39 TexReg 1386