That's a scary phrase. "Functional agencies" sounds pretty vague. Once Kim has spent $2.2 million on the lab then "Functional agencies," who ever they are, decide if they'll "allow Kraig Biocraft Laboratories Inc. to continually invest."
Once he's spent $2.2 million on the new lab he's kind of over a barrel on meeting any new demands the "Functional agencies," might make.
Sounds like the ERC was just permission to spend $2.2 million.
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