Okla. Stat. tit. 3, § 3-502

Grant Program — Application information — Agreement.

A. There is hereby created, within the Oklahoma Department of

Aerospace and Aeronautics, the Oklahoma Aircraft and Rocket Engine

Testing Development Grant Program to offer financial assistance by

grant to private or public entities for the purpose of expanding the

aircraft or rocket engine testing capabilities of this state and

developing aircraft or rocket engine testing infrastructure. Grant

funding shall be administered based on the potential for a specific

project to enhance the aviation, aerospace, and space propulsion

industry of this state. A grant under this program shall be a one-

time award.

B. Public, private, and nonprofit entities within this state

that have sufficient financial and management capacity to complete

the requested project are eligible for funding under this program.

Applicants shall provide the following information:

1. Airline or industry support as evidenced by a letter or

other communication directly from the entity stating its support for

the project;

2. The ability to provide a minimum of forty percent (40%)

matching funds for the project; and

3. A proposal summary that shall include any background

information or history with aircraft or rocket engine testing and

development, project description, timeline for completion of

project, and estimated budget for the entire project.

C. A grant agreement shall be made between any awardee and the

Department. The grant agreement shall provide for the conditions of

disbursement, shall include a provision requiring the repayment of

awarded funds if the terms are not met, and shall include a

requirement for awardees to provide ongoing quarterly reports

detailing activity related to the project.