General Counsel and compliance staff presented proposed amendments to the CPRIT administrative rule governing Financial Status Report (FSR) review timelines (Tex. Admin. Code §703.24). Staff said internal audit found CPRIT could not always meet the Texas Grant Management Standards' default 21‑day timeline for notifying grantees of deficiencies because of data and process limitations in the current grant management platform and the complexity and variability of CPRIT grant expenses.

The proposed temporary amendment reads that CPRIT will make payment within 30 days of receiving a complete and correct FSR but cannot commit to always issuing the initial deficiency notice within 21 days until a new grant management system and complete data analysis are in place. The rule would also allow the CEO to waive the 21‑day notice requirement for a defined period (up to 180 days) provided the CEO informs the oversight committee and posts notice on CPRIT's website and in grant files.

Committee members asked about causes of delay and whether additional staff or resources would resolve the problem; staff said the new grant management platform is expected to provide more extractable data to set evidence‑based timelines, and that process improvements are already underway. The oversight committee voted to authorize publication of the proposed rule changes in the Texas Register to solicit public comment.

Next steps: CPRIT will publish the rule proposal, collect public comments through the Texas Register process, continue revising internal processes, and plan to re‑evaluate timelines after the new grant management platform is implemented.