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15 U.S.C. § 9595 — Recordkeeping
Federal law — U.S. Code and appendices · legal_authorities
**(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.
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Stable record: federal_law:legal_authorities:record_usc_d59f3d4ccb6aa8fe1846e107
Source file: Laws/federal/codes/united-states-code/title-15/section-9595-recordkeeping--1cbf6d0bce.md
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Source location: Title 15, Chapter 120, § 9595; chapter-120-minority-business-development.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
The powers and duties of the Agency shall be determined—
(1) in accordance with this chapter and the requirements of this chapter; and
(2) without regard to Executive Order 11625 (36 Fed. Reg. 19967; relating to prescribing additional arrangements for developing and coordinating a national program for minority business enterprise).
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 9501
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Federal law — U.S. Code and appendices · legal_authorities
Page 2612
TITLE 15—COMMERCE AND TRADE
§ 9592
1 So in original. See References in Text note below.
§ 9592. Federal assistance
(a) In general
(1) Provision of Federal assistance
To carry out sections lll101, lll102, and
lll103(a),1 the Under Secretary may provide
Federal assistance to public sector entities
and private sector entities in the form of
grants or cooperative agreements.
(2) Notice
Not later than 120 days after the date on
which amounts are appropriated to carry out
this section, the Under Secretary shall, in ac-
cordance with subsection (b), broadly publish
a statement regarding Federal assistance that
will, or may, be provided under paragraph (1)
during the fiscal year for which those amounts
are appropriated, including—
(A) the actual, or anticipated, amount of
Federal assistance that will, or may, be
made available;
(B) the types of Federal assistance that
will, or may, be made available;
(C) the manner in which Federal assist-
ance will be allocated among public sector
entities and private sector entities, as appli-
cable; and
(D) the methodology used by the Under
Secretary to make allocations under sub-
paragraph (C).
(3) Consultation
The Under Secretary shall consult with pub-
lic sector entities and private sector entities,
as applicable, in deciding the amounts and
types of Federal assistance to make available
under paragraph (1).
(b) Publicity
In carrying out this section, the Under Sec-
retary shall broadly publicize all opportunities
for Federal assistance available under this sec-
tion, including through the means required
under section lll116. 1
(Pub. L. 117–58, div. K, title VII, § 100702, Nov. 15,
2021, 135 Stat. 1465.)
Editorial Notes
REFERENCES IN TEXT
Sections lll101, lll102, and lll103(a), referred
to in
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 9595
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.