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A final plan must describe how the institution would utilize the | allocated program funds and what research and economic benefits it | anticipates as a result of this funding.__An institution must | submit a final plan to the department prior to disbursement of | funding. |
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| | 8.__Accounting, evaluation and reporting requirements.__Each | institution receiving funding shall: |
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| A.__Maintain an accurate accounting of the use of all | program funds as required by state procedures and program | guidelines; |
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| B.__Undertake an ongoing process to evaluate the impact of | the research undertaken with program funds.__At a minimum, | the evaluation process must be designed to provide the | following: |
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| (1)__An assessment of the direct and indirect economic | impact of the funded research; and |
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| (2)__An assessment of the contribution of the funded | research to scientific advancement and the | institution's competitive position; and |
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| C.__Each biennium, submit a report to the department.__The | report must include: |
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| (1)__An accounting of the use of all program funds | received in the previous 2 years, prepared by a | certified public accountant; |
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| (2)__A summary of the status of any ongoing research; |
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| (3)__A summary of the results of any completed | research; and |
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| (4)__Evaluation data and assessment. |
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| | 9.__Rulemaking.__The department shall adopt routine technical | rules, pursuant to Title 5, chapter 375, subchapter II-A to | implement this section. |
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| | Sec. 2. 22 MRSA §1511, sub-§3, ¶¶A and B, as enacted by PL 1999, c. 401, | Pt. V, §1, are amended to read: |
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| A. For the first 5 years that the State receives money described | in subsection 2, paragraph A, the Treasurer of State shall report | to the Legislature the amount that represents 90% of the annual | payment that is expected to be |
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