§9593 — Title 15 Commerce and Trade | U.S. Code

Summary

Recipients of assistance must keep records the Under Secretary requires. Those records must show six kinds of information: the amount and type of help received; how the recipient used the money; the total cost of the project; how much of that cost came from sources other than the Agency; the return on investment as the Under Secretary defines it; and any other records needed for an audit. The Under Secretary, the Inspector General of the Department of Commerce, and the Comptroller General of the United States, or their authorized representatives, may access the Agency’s or an MBDA Business Center’s books and materials for audits, investigations, and examinations.

Title 15, §9593

Commerce and Trade — Source: USLM XML via OLRC

(a)Each recipient of assistance under this chapter shall keep such records as the Under Secretary shall prescribe, including records that fully disclose, with respect to the assistance received by the recipient under this chapter—

(1)the amount and nature of that assistance;

(2)the disposition by the recipient of the proceeds of that assistance;

(3)the total cost of the undertaking for which the assistance is given or used;

(4)the amount and nature of the portion of the cost of the undertaking described in paragraph (3) that is supplied by a source other than the Agency;

(5)the return on investment, as defined by the Under Secretary; and

(6)any other record that will facilitate an effective audit with respect to the assistance.

(b)The Under Secretary, the Inspector General of the Department of Commerce, and the Comptroller General of the United States, or any duly authorized representative of any such individual, shall have access, for the purpose of audit, investigation, and examination, to any book, document, paper, record, or other material of the Agency or an MBDA Business Center.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in subsec. (a), was in the original “this division”, meaning div. K of Pub. L. 117–58, Nov. 15, 2021, 135 Stat. 1445, which is classified principally to this chapter. For complete classification of division K to the Code, see

Short Title

note set out under section 9501 of this title and Tables.

§9593 Recordkeeping