§ 705. Research grants. 1. Upon approval of a proposal by the
committee, the committee shall then enter into a contractual
relationship with the applicant for the research grant within the limit
of the funds available therefor and subject to the following
limitations:

a. All grants so provided shall be used for the direct cost of
approved projects and shall not be used to supplant funds otherwise
available to the applicant or to the institution with which the
applicant is affiliated, or for the general cost recoveries that are
rightfully the prior obligation of the institution to which the research
grant is made.

b. No funds shall be expended for the acquisition, construction or
renovation of capital facilities without specific prior written approval
by the committee.

c. Payments shall be made upon certified vouchers submitted to the
committee, prepared in a format satisfactory to the committee.

2. Copies of grant contracts shall be furnished to the commission, and
each of the funds named in section seven hundred three of this article.