R23-29-10. Transfer of State Funds

State funds appropriated to the division for projects delegated to an Institution or Entity under this rule shall be transferred to the respective Institution or Entity in a timely manner upon the receipt of such funds by the division and on a reimbursement basis after the Institution or Entity provides such supporting documents as may be required by the division. As provided in Subsection 63A-5b-303(4), the division shall be entitled to deduct fees established pursuant to Section 63J-1-410 or 63J-1-504 from such funds to reimburse the division for division services provided by the division to an Institution or Entity in connection with a project delegated to an Institution or Entity under this rule.