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15 U.S.C. § 9593Recordkeeping

submitted 5 years ago by Pub. L. 117-58 to r/title-15-COMMERCE-AND-TRADE · 188 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) In general

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) Access by government officials

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.)

history & why it existsrecord from the source credit
  • 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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