§ 3706. — Grants and cooperative agreements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC3706]
TITLE 15--COMMERCE AND TRADE
CHAPTER 63--TECHNOLOGY INNOVATION
Sec. 3706. Grants and cooperative agreements
(a) In general
The Secretary may make grants and enter into cooperative agreements
according to the provisions of this section in order to assist any
activity consistent with this chapter, including activities performed by
individuals. The total amount of any such grant or cooperative agreement
may not exceed 75 percent of the total cost of the program.
(b) Eligibility and procedure
Any person or institution may apply to the Secretary for a grant or
cooperative agreement available under this section. Application shall be
made in such form and manner, and with such content and other
submissions, as the Assistant Secretary shall prescribe. The Secretary
shall act upon each such application within 90 days after the date on
which all required information is received.
(c) Terms and conditions
(1) Any grant made, or cooperative agreement entered into, under
this section shall be subject to the limitations and provisions set
forth in paragraph (2) of this subsection, and to such other terms,
conditions, and requirements as the Secretary deems necessary or
appropriate.
(2) Any person who receives or utilizes any proceeds of any grant
made or cooperative agreement entered into under this section shall keep
such records as the Secretary shall by regulation prescribe as being
necessary and appropriate to facilitate effective audit and evaluation,
including records which fully disclose the amount and disposition by
such recipient of such proceeds, the total cost of the program or
project in connection with which such proceeds were used, and the
amount, if any, of such costs which was provided through other sources.
(Pub. L. 96-480, Sec. 8, formerly Sec. 7, Oct. 21, 1980, 94 Stat. 2315;
renumbered Sec. 8 and amended Pub. L. 100-418, title V,
Secs. 5115(b)(1), 5122(a)(1), Aug. 23, 1988, 102 Stat. 1433, 1438.)
Prior Provisions
A prior section 8 of Pub. L. 96-480 was renumbered section 9 and is
classified to section 3707 of this title.
Amendments
1988--Subsec. (b). Pub. L. 100-418, Sec. 5115(b)(1), substituted
``Assistant Secretary'' for ``Director''.
