A. The division shall administer the provisions of the Research, Development and Deployment Fund Act to provide project funding to applicants that meet all eligibility requirements. The division shall:
(1)establish a streamlined application process pursuant to the requirements of the Research, Development and Deployment Fund Act, with:
(a)eligibility requirements and funding priorities, which shall be established in consultation with the board; and (b) an option for the expedited review and processing of applications for applicants who submit additional justifying documentation of exigent circumstances, as required by the department;
(2)establish clear application evaluation criteria that are aligned with state economic development goals;
(3)award project funding in consultation with t
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A. The division shall administer the provisions of the Research, Development and Deployment Fund Act to provide project funding to applicants that meet all eligibility requirements. The division shall: (1) establish a streamlined application process pursuant to the requirements of the Research, Development and Deployment Fund Act, with: (a) eligibility requirements and funding priorities, which shall be established in consultation with the board; and (b) an option for the expedited review and processing of applications for applicants who submit additional justifying documentation of exigent circumstances, as required by the department; (2) establish clear application evaluation criteria that are aligned with state economic development goals; (3) award project funding in consultation with the board's recommendations; (4) verify applicant match funding requirements for a project when a match is applicable or match funding is being requested; (5) monitor ongoing compliance with a funded project's match requirements when a match is applicable or match funding is being requested; (6) establish procedures for addressing undelivered applicant funding commitments; (7) annually report with the department to the legislature and governor on the administration, performance and efficacy of the Research, Development and Deployment Fund Act; and (8) promulgate rules necessary to implement and administer the provisions of the Research, Development and Deployment Fund Act, in consultation with the board. B. Applications may be submitted: (1) up to three hundred sixty-five days prior to anticipated federal or private sector grant deadlines for new or recurring published opportunities; (2) for pending proposals with multistage reviews that have been submitted but have not had an award finalized or, subject to department approval, within ninety days after such an award is finalized; (3) for project funding awards pending successful non-state funding or private grant applications; (4) for re-application by an applicant who has previously been denied project funding; provided that the applicant makes changes and improvements based on any feedback received from the prior application; and (5) in response to grant award solicitations by the division. C. In administering the provisions of the Research, Development and Deployment Fund Act, the division shall not: (1) impose limitations on the amount of project funding that may be awarded to public post-secondary educational institutions, except as provided in the Research, Development and Deployment Fund Act; or (2) restrict the awarding of project funding to only research activities.