PUBLIC LAW 99-502—OCT. 20, 1986
100 STAT. 1789
tium shall submit a report to the President, to the appropriate authorization and appropriation committees of both Houses of the Congress, and to each agency with respect to which a transfer of funding is made (for the fiscal year or years involved) under paragraph (7), concerning the activities of the Consortium and the expenditures made by it under this subsection during the year for which the report is made. "(7)(A) Subject to subparagraph (B), an amount equal to 0.005 percent of that portion of the research and development budget of each Federal agency that is to be utilized by the laboratories of such agency for a fiscal year referred to in subparagraph (B)(ii) shall be transferred by such agency to the National Bureau of Standards at the beginning of the fiscal year involved. Amounts so transferred shall be provided by the Bureau to the Consortium for the purpose of carrying out activities of the Consortium under this subsection. "(B) A transfer shall be made by any Federal agency under subparagraph (A), for any fiscal year, only if— "(i) the amount so transferred by that agency (as determined under such subparagraph) would exceed $10,000; and "(ii) such transfer is made with respect to the fiscal year 1987, 1988, 1989, 1990, or 1991. "(C) The heads of Federal agencies and their designees, and the directors of Federal laboratories, may provide such additional support for operations of the Consortium as they deem appropriate. "(8)(A) The Consortium shall use 5 percent of the funds provided in paragraph (7)(A) to establish demonstration projects in technology transfer. To carry out such projects, the Consortium may arrange for grants or awards to, or enter into agreements with, nonprofit State, local, or private organizations or entities whose primary purposes are to facilitate cooperative research between the Federal laboratories and organizations not associated with the Federal laboratories, to transfer technology from the Federal laboratories, and to advance State and local economic activity. "(B) The demonstration projects established under subparagraph (A) shall serve as model programs. Such projects shall be designed to develop programs and mechanisms for technology transfer from the Federal laboratories which may be utilized by the States and which will enhance Federal, State, and local programs for the transfer of technology. "(C) Application for such grants, awards, or agreements shall be in such form and contain such information as the Consortium or its designee shall specify. "(D) Any person who receives or utilizes any proceeds of a grant or award made, or agreement entered into, under this paragraph shall keep such records as the Consortium or its designee shall determine are necessary and appropriate to facilitate effective audit and evaluation, including records which fully disclose the amount and disposition of such proceeds and the total cost of the project in connection with which such proceeds were used.". SEC. 4. UTILIZATION OF FEDERAL TECHNOLOGY. (a) RESPONSIBILITY FOR TECHNOLOGY TRANSFER.—Section 11(a) of
the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C 3710(a)) is amended— (1) by inserting "(1)" after "POLICY.—"; and (2) by adding at the end thereof the following new paragraphs:
Records,
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