2011 Missouri Revised Statutes
TITLE XI EDUCATION AND LIBRARIES
Chapter 173 Department of Higher Education
Section 173.555. Fund uses and limitations--contributions from other sources, requirements--selections by department to be final.

173.555. 1. Moneys from the applied projects fund shall be used to defray a maximum of fifty percent or, for small business, a maximum of sixty-six and two-thirds percent of the expenses associated with any applied project approved by the department for funding under sections 173.500 to 173.565, provided that the remaining fifty percent or, for small business, the remaining thirty-three and one-third percent of the expenses associated with any such project is contributed by or through sources other than the state or federal government. The department shall approve for funding only those applied projects for which:

(1) Contributions were not committed for the same or related applied projects prior to August 13, 1982;

(2) Contributions have been obtained from sources other than the state or federal governments, student fees, institutional endowment or other moneys used to fund the operating budget of any institution;

(3) Enhanced employment opportunity within this state will likely result; and

(4) Funding of the project is otherwise consistent with the purposes of sections 173.500 and 173.545 to 173.565.

2. Only those expenses which are usually and customarily attendant to academic research shall be provided, including, without limitations, salaries of principal directors and assistants and the purchase of equipment and supplies. Moneys in the applied projects fund shall in no event be used to defray costs normally attributed to institutional overhead. The chargeability of any disputed item shall be determined by the department, and decisions of the department with respect to selection of applied projects shall be final.

(L. 1982 H.B. 1375 4 subsec. 3, A.L. 1986 S.B. 426)

Annotation Copyright Missouri Joint Committee on Legislative Research