- (a) Institutions that receive an allocation from the Research Development Fund are subject to periodic audits to ensure that the projects and activities reported under §13.125 of this title (relating to Report on Restricted Research Projects and Activities) were properly classified as restricted research projects and activities.
- (b) Institutions that receive an allocation from the Research Development Fund are subject to periodic audits to ensure that the restricted research expenditure reports required in §13.127 of this title (relating to Report of Restricted Research Expenditures) were properly classified as restricted research expenditures.
- (c) The Commissioner shall coordinate the selection of a team of independent auditors.
- (d) The advisory committee shall determine the frequency and scope of audits and shall select institutions to be audited.
- (e) Under an interagency cooperation agreement, all eligible institutions shall agree to payment of the costs of the audits in proportion to the institution's allocation from the Research Development Fund.
- (f) Copies of the final audit reports shall be provided to the Commissioner and each audited institution.
- (g) Institutions that do not comply with the provisions of this paragraph shall be ineligible for an allocation from the Research Development Fund and shall not be included in the Commissioner's report to the Comptroller.
Source Note:The provisions of this §13.130 adopted to be effective May 15, 2005, 30 TexReg 2664.