ARM 4.16.402. APPLICATION PROCEDURES FOR A RESEARCH AND DEVELOPMENT PROJECT LOAN - SUBMISSION OF RESEARCH AND DEVELOPMENT PROPOSAL

(1) When the executive summary is deemed complete and the research and development project deemed appropriate for further consideration, the applicant must submit a research and development proposal to the council. (2) This proposal must contain the following items: (a) a title page; (b) a table of contents; (c) the executive summary; (d) the project objectives; (e) a background review of the research and development project; (f) the project design; (g) a list of required facilities and equipment; (h) a description of potential commercial partners; (i) a description of the project's potential impact on the state's economy; (j) a list of milestones which describe specific tasks to be achieved on a specific time schedule; (k) the budget and use of proceeds, plus documentation showing source of funds and use of proceeds for each line of the budget; (l) the feasibility and/or availability of matching funds; (m) a description of funding efforts made to obtain funding for the proposed project; (n) the resumes of the major principals identified in the project design describing the education and employment experience of each; and (o) a list of three technical reviewers who are qualified to review the proposal including their names, addresses and phone numbers.