3333-1-61.5 Funding.

(A) Cost-share is required in the ratio of one to one for state funds to dedicated institutional funds. All reasonable institutional operational and capital costs, including previous investments, that are directly associated with delivering the project outcomes identified in the proposal may, in the chancellor's discretion, be counted as eligible cost-share. The value of institutional, public, or private industry co-ops and internships shall count toward the statewide aggregate amount of other institutional, public, or private money.

Participating institutions must make regular cost-share investments in the funded choose Ohio first scholarship program project but will have until the end of the reporting period to meet the full cost-share obligation. The reporting period ends three years after the expiration of the grant agreement.

(B) The entire grant must be used for scholarships, fellowships, grants, or other monetary or nonmonetary incentives to students, and not for administration.

(C) All costs incurred in preparation of a letter of interest or a proposal shall be borne by the applicant, or applicants for a collaboration proposal, and are not recoverable under an award.

Effective: 11/12/2008
R.C. 119.032 review dates: 11/12/2013
Promulgated Under: 119.03
Statutory Authority: 3333.61
Rule Amplifies: 3333.61 , 3333.64
Prior effective dates: 9/26/07 (Emer)