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International co-operation regarding funding for research and innovation
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48. (1) Subject to subsection (2), the Agency may, subject to the consent of the Minister—
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(a) participate in, and contribute to the funding of, international collaborative projects for the undertaking of research and innovation by way of an award of funding to a person or body in the State under a funding scheme, and
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(b) enter into an agreement with any person or body having a function relating to research and innovation outside the State for the purposes of paragraph (a).
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(2) The power of the Agency under subsection (1) is subject to the following:
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(a) the conditions of an award of funding shall be enforceable in a court of competent jurisdiction in the State;
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(b) the award of funding shall be subject to the assessment of the standard and quality of the proposed research and innovation and an assessment and evaluation of the outcomes and, where appropriate, the impact of the research and innovation;
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(c) the award of funding shall be subject to such conditions relating to reporting, financial and governance matters as the Agency considers appropriate;
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(d) the disbursement of funding pursuant to an award of funding shall be on a phased basis upon the Agency being satisfied as to the outcomes and, where appropriate, the impact of the research and innovation undertaken at each phase specified by the Agency;
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(e) the conditions of the award of funding shall provide that the Agency may, in certain specified circumstances, require that some or all of the funding disbursed be repaid to the Agency in the event of non-compliance with the conditions of the award if the Agency considers that such repayment is necessary and appropriate in such circumstances.
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