REIMBURSEMENT GRANT PROGRAMS ESTABLISHED.

(a) The office shall establish grant programs under this subchapter and the director shall administer those programs.

(b) The office may provide a grant under this subchapter only to reimburse expenses paid by a recipient using the recipient's own funds. An applicant for a grant under this subchapter may have received financial assistance or incentives from a local, state, or federal source, but the office may not provide a grant under this subchapter to reimburse expenses paid by a recipient or the recipient's project partner using financial assistance or incentives from the local, state, or federal source. An applicant shall provide the office with detailed information regarding any financial assistance or incentives requested or received for the project for which it is requesting grant funds.

(c) An applicant that has received state-appropriated money for an advanced nuclear reactor is not eligible to receive a grant under Section 483.204.

(d) The office shall submit to the lieutenant governor and the speaker of the house of representatives a notice of each grant the office proposes to approve. The office may not approve the grant if both those officers submit a written communication to the office disapproving the grant on or before the 30th day after the date the office submits the notice of the proposed grant to those officers. The lieutenant governor or speaker of the house of representatives may extend the review deadline for an additional 14 days by submitting a written notice to that effect to the office before the expiration of the initial review period.

(e) Before awarding a grant under this subchapter, the office shall enter into a written agreement with the grant recipient. A written agreement under this subsection must:

(1) specify benchmarks and milestones for the completion of the project for which the grant is provided; and

(2) require the grant recipient to repay to the state money received from that grant if the recipient fails to reach the specified benchmarks.

(f) The office may not during a state fiscal biennium award out of money appropriated for grants under this subchapter a total amount greater than:

(1) for grants provided under Section 483.203, 20 percent of the appropriated money; and

(2) for grants provided under Section 483.204, 80 percent of the appropriated money.