15 U.S.C. § 9593 — Recordkeeping
submitted 5 years ago by Pub. L. 117-58 to r/title-15-COMMERCE-AND-TRADE · 188 words · no verdicts yet
Recipients of chapter assistance must keep detailed records, and specified officials may inspect those records for audits, investigations, and examinations.
(a) In general. Each assistance recipient must keep records the Under Secretary* requires. The records must fully show (1) the assistance's amount and nature; (2) how the recipient used its proceeds; (3) the undertaking's total cost; (4) the amount and nature of the cost supplied by a source other than the Agency*; (5) return on investment as the Under Secretary* defines it; and (6) other records that enable an effective audit.
(b) Access by government officials. The Under Secretary, Commerce Department Inspector General, Comptroller General, and their authorized representatives may access any Agency or MBDA Business Center* book, document, paper, record, or other material for audit, investigation, and examination.
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—
the amount and nature of that assistance;
the disposition by the recipient of the proceeds of that assistance;
the total cost of the undertaking for which the assistance is given or used;
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*;
the return on investment, as defined by the Under Secretary*; and
any other record that will facilitate an effective audit with respect to the assistance.
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*.
Source credit: (Pub. L. 117–58, div. K, title VII, § 100703, Nov. 15, 2021, 135 Stat. 1466.)
- 2021Enacted · Pub. L. 117-58 · 135 Stat. 1466
A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-58 on 2021-11-15.
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