§ 10-459

(a) Only qualifying universities may submit proposals for grant funding from the Initiative.

(b) The participating members of the Initiative may establish a committee composed of experts in the areas of research considered for commercialization.

(c) The Initiative may establish the committee under service contracts with independent reviewers.

(d) The committee shall:

(1) review, evaluate, and rate proposals for funding from the Initiative, based on:

(i) the viability of commercializing the technology; and

(ii) the relative costs associated with commercializing the technology; and

(2) make recommendations to the participating members of the Initiative for the award and disbursement of grants from the Initiative.

(e) A member of the committee is not eligible to receive funding from the Initiative.