<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 14.04.12.05" title_num="14" subtitle_num="04" chapter_num="12" heading="Award Limitations.">
  <text>Subject to the availability of money in the Fund, TEDCO shall provide an award to selected applicants as follows:</text>
  <paragraph num="A.">
    <text>For Phase I SBIR award or STTR award applicants, an award under the Program shall be the lesser of:</text>
    <paragraph num="(1)">
      <text>25 percent of the Phase I SBIR award or STTR award; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>$25,000.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>For Phase II SBIR award or STTR award applicants, an award under the Program shall be the lesser of:</text>
    <paragraph num="(1)">
      <text>25% of the Phase II SBIR award or STTR award; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>$75,000.</text>
    </paragraph>
  </paragraph>
</regulation>