[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1484]

[Page 722]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1484_PROGRAMS TO HELP DEVELOP FOREIGN MARKETS FOR AGRICULTURAL 
 
               Subpart D_Contributions and Reimbursements
 
Sec.  1484.53  What are the requirements for documenting and reporting 

contributions?

    (a) Each claimed contribution must be documented by the Cooperator, 
showing the method of computing non-cash contributions, salaries, and 
travel expenses.
    (b) Each Cooperator must keep records of the methods used to compute 
the value of non-cash contributions, and
    (1) Copies of invoices or receipts for expenses paid by the U.S. 
industry and not reimbursed by the Cooperator for the joint activity; or
    (2) If invoices are not available, an itemized statement from the 
U.S. industry as to what costs it incurred pursuant to the joint 
activity; or
    (3) If neither of the foregoing is available, a statement from the 
U.S. industry as to what goods and services it provided; or
    (4) If none of the foregoing are available, a memo to the files of 
the U.S. Cooperator's estimate of what contributions were made by the 
U.S. industry, item by item, and the method used to assign a value to 
each.
    (c) Each Cooperator must report its contributions as described in 
Sec.  1550.70 (a).