[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR917.43]

[Page 83]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
CHAPTER IX--NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, DEPARTMENT 
                               OF COMMERCE
 
PART 917--NATIONAL SEA GRANT PROGRAM FUNDING REGULATIONS--Table of Contents
 
    Subpart E--General Considerations Pertaining to Sea Grant Funding
 
Sec. 917.43  Terms and conditions of Sea Grant funding.

    No Sea Grant funding may be applied to:
    (a)(1) the purchase or rental of any land or (2) the purchase, 
rental, construction, preservation, or repair of any building, dock, or 
vessel, except that payment under any such grant or contract may (if 
approved by the Assistant Administrator for Administration of the 
National Oceanic and Atmospheric Administration or designee) be applied 
to the purchase, rental, construction, preservation, or repair of non-
self-propelled habitats, buoys, platforms, and other similar devices or 
structures, or to the rental of any research vessel which is used in 
direct support of activities under any Sea Grant program or project.
    (b) In addition, Sea Grant funding under the Sea Grant Matched 
Funding Program will be subject to the limitation that the total amount 
which may be obligated within any one state to persons under the Sea 
Grant Matched Funding Program in any fiscal year shall not exceed an 
amount equal to 15 percent of the funds appropriated for the Sea Grant 
Matched Funding Program.
    (c) Any person who receives or utilizes Sea Grant funding shall keep 
the records required by OMB Circular A-110, ``Grant and Agreements with 
Institutions of Higher Education, Hospitals, and Other Non-Profit 
Organizations,'' and by NOAA General Provision, implementing OMB 
Circular A-110, by OMB Circular A-102, ``Uniform Administrative 
Requirements for Grants-in-Aid to State and Local Governments,'' 
including records that fully disclose the amount and disposition by the 
recipient of such proceeds, the total cost of the program or project in 
which such proceeds were used, and the amount, if any, of such cost 
which was provided through other sources. Such records shall be 
maintained for three years after the completion of such a program or 
project. The Secretary and the Comptroller General of the United States, 
or any of their duly authorized representatives, shall have access, for 
the purpose of audit and evaulation, to any books, documents, papers, 
and records of receipt which, in the opinion of the Secretary or the 
Comptroller General, may be related or pertinent to such grants and 
contracts.