Okla. Stat. tit. 74, § 74-5060.20a: Technology business financing program -

Specifications.

The Oklahoma Center for the Advancement of Science and

Technology (OCAST), in conjunction with the Commercialization

Center, may develop and implement a technology business financing

program to provide funding and financing for and to assist qualified

Oklahoma enterprises to commercialize new products, services,

technology, innovations, and processes. In order to obtain funding

or financing from the technology business financing program, a

recipient shall be required to obtain separate private investment or

funding, and may also be required to pay royalties, fees, interest,

profits, or other payments generated or arising from the sale,

lease, licensing, distribution, manufacture, marketing, or

development of products, services, technology, innovations, and

processes, whether alone or in conjunction with others, or generated

or arising from a sale, acquisition, merger, or other transfer or

takeover of the enterprise. Any such royalties, fees, interest,

profits, or other payments or return of funding and financing shall

be retained for use in the program. OCAST, in conjunction with the

Commercialization Center, shall establish program specifications.

OCAST may contract with the Commercialization Center or other

qualified entity to operate and manage the program. Program funds

shall not be used to pay administrative, management, or operating

expenses of OCAST.