
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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''.
