15 U.S.C. § 9593

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 9593 - Recordkeeping

(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.

15 U.S.C. § 9593

Pub. L. 117-58, div. K, title VII, §1007030703,, 135 Stat. 1466.

EDITORIAL NOTES

REFERENCES IN TEXTThis chapter, referred to in subsec. (a), was in the original "this division", meaning div. K of Pub. L. 117-58, 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.

Agency: The term "Agency" means the Minority Business Development Agency of the Department of Commerce.
MBDA Business Center: The term "MBDA Business Center" means a business center that-(A) is established by the Agency; and(B) provides technical business assistance to minority business enterprises consistent with the requirements of this chapter.
Under Secretary: The term "Under Secretary" means the Under Secretary of Commerce for Minority Business Development, who is appointed as described in section ______3(b)1 to administer this chapter.1So in original. See References in Text note below.