The Oversight Committee must vote to approve each Grant Award
recommendation submitted by the Program Integration Committee.
(1) Prior to the Oversight Committee's consideration
and approval of the Program Integration Committee's Grant Award recommendations,
the Chief Compliance Officer must review the process documentation
for each Grant Application recommended for a Grant Award by the Program
Integration Committee and report the findings to the Chief Executive
Officer and to the Oversight Committee. The Chief Compliance Officer's
report shall:
(A) Publicly certify that the Grant Review Process
complied with the Institute's administrative rules and procedures,
including those procedures stated in the Request for Applications.
(B) Indicate variances, if any, from the Institute's
administrative rules and procedures with a Grant Application or the
Grant Review Process.
(C) Compare the list of Grant Applicants recommended
for a Grant Award to a list of donors from any nonprofit organization
established to provide support to the Institute.
(2) The Chief Executive Officer may recommend good
cause for considering variances, if any, identified by the Chief Compliance
Officer. The Oversight Committee shall consider and may approve the
recommendation, which may include corrective actions at that time
that the Grant Award recommendations are approved by a vote of a simple
majority of Oversight Committee members present and voting.
(3) Two-thirds of the Oversight Committee Members
present and voting must approve each Grant Award recommendation. The
Oversight Committee may take up more than one Grant Award recommendation
at a time unless an Oversight Committee member requests taking up
a recommendation individually. At the time that the Oversight Committee
approves the Grant Award recommendation:
(A) The total amount of money approved to fund a multiyear
project must be specified.
(B) The Chief Executive Officer's recommendation,
if any, regarding an advance of Grant Award funds must be approved
by a majority vote of the Oversight Committee.
(4) If the Oversight Committee does not approve a
Grant Award recommendation made by the Program Integration Committee,
the minutes of the meeting shall record the explanation for not approving
the Grant Award recommendation.
(5) The Oversight Committee may not award more than
$300 million in Grant Awards in a fiscal year.
(6) No Oversight Committee action is necessary related
to the Program Integration Committee's decision made pursuant to §703.7
to defer a final Grant Award recommendation for one or more Grant
Applications.
(7) Nothing herein prevents the Oversight Committee
from voting to defer a final decision on a Grant Award recommendation
made by the Program Integration Committee until a future meeting date
pursuant to the following process:
(A) The motion to defer a final decision on a Grant
Award recommendation must be made by an Oversight Committee member
that is not recused from taking action on the Grant Application;
(B) The motion must be approved by two-thirds of the
Oversight Committee Members present and voting;
(C) The reason for deferring a final decision on one
or more Grant Award recommendations must be recorded in the minutes
of the Oversight Committee meeting;
(D) Applications that have been deferred shall be
considered by the Program Integration Committee at a future meeting
date pursuant to §703.7;
(E) The decision to defer the final Grant Award recommendation
is only effective for the state fiscal year in which the deferral
decision is made;
(F) A Grant Application that is deferred and pending
a final Grant Award recommendation at the end of the state fiscal
year shall be considered not recommended for a Grant Award without
further action from the Program Integration Committee or the Oversight
Committee; and
(G) A Grant Application that is deferred and pending
a final Grant Award recommendation at the end of the state fiscal
year may be resubmitted by the Grant Applicant in a subsequent review
cycle. Such resubmission will not count against the resubmission limit,
if any, stated in the Request for Applications.
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| Source Note: The provisions of this §703.8 adopted to be effective December 21, 2009, 34 TexReg 9213; amended to be effective March 2, 2014, 39 TexReg 1386; amended to be effective September 17, 2014, 39 TexReg 7342; amended to be effective September 9, 2015, 40 TexReg 5792; amended to be effective December 7, 2016, 41 TexReg 9527 |
