ment. The audit principles to be applied to ATP awards are the Generally Accepted Accounting Principles (GAAP) according to the General Accounting Office's "Government Auditing Standards" subtitled "Standards for Auditing Government Organization, Program, Activities and Functions". Each award will be subject to an Attestation Engagement (i.e., providing assurance on representations of compliance with statutory, regulatory, and contractual requirements) or an audit in conjunction with the recipient's annual audit at least every two years. In the interest of efficiency, the recipients are encouraged to retain their own independent CPA firm to perform these services. The Department of Commerce's Office of Inspector General (OIG) reserves the right to determine the time frame and/or level of service of financial audit reports that are to be delivered and to determine how the close-out audit is to be conducted. The use of an independent CPA firm does not preclude the OIG's right to conduct its own audit. [59 FR 670, Jan. 6, 1994] Subpart B-Assistance to United States Industry-Led Joint Research and Development Ventures § 295.20 Types of assistance available. This subpart describes the types of assistance that may be provided under the authority of 15 U.S.C. 278n(b)(1). Such assistance includes but is not limited to: (a) Partial start-up funding for joint research and development ventures. (b) A minority share of the cost of joint research and development ventures for up to five years. (c) Equipment, facilities and personnel for joint research and development ventures. $295.21 Qualification of applicants. (a) Assistance under this subpart is available to industry-led joint research and development ventures only, subject to the limitations set out in §295.3 of these regulations. These ventures may include universities, independent re organizations, and govern search mental entities; however, the Program will not provide funding directly to any university or governmental organization. (b) Applications for funding under this subpart may be submitted on behalf of an industry-led joint research and development venture by one or more businesses or independent research organizations that are members of the venture. Applications must, however, include letters of commitment from all proposed members of the venture, verifying the availability of matching funds, and authorizing the party or parties submitting the proposal to act on behalf of the venture with the Program on all matters pertaining to the proposal. [59 FR 670, Jan 6, 1994] §295.22 Limitations on assistance. An award will be made under this subpart only if the award will facilitate the formation of a joint venture or the initiation of a new research and development project by an existing joint venture. [59 FR 670, Jan. 6, 1994] § 295.23 Dissolution of joint research and development ventures. Upon dissolution of any joint research and development venture receiving funds under these procedures or at a time otherwise agreed upon, the Federal Government shall be entitled to a share of the residual assets of the joint venture proportional to the Federal share of the costs of the joint venture as determined by independent audit. § 295.24 Registration. Joint research and development ventures selected for funding must notify the Department of Justice or the Federal Trade Commission under the National Cooperative Research Act of 1984. No funds will be released prior to receipt by the Program of copies of such notification. [59 FR 670, Jan. 6, 1994] FINDING AIDS A list of CFR titles, subtitles, chapters, subchapters and parts and an alphabetical list of agencies publishing in the CFR are included in the CFR Index and Finding Aids volume to the Code of Federal Regulations which is published separately and revised annually. Table of CFR Titles and Chapters Alphabetical List of Agencies Appearing in the CFR List of CFR Sections Affected I II III IV I Table of CFR Titles and Chapters (Revised as of December 12, 1994) Title 1-General Provisions Administrative Committee of the Federal Register (Parts 1-49) Administrative Conference of the United States (Parts 300-399) Title 2-(Reserved) Title 3-The President Executive Office of the President (Parts 100-199) Title 4-Accounts I General Accounting Office (Parts 1—99) II Federal Claims Collection Standards (General Accounting Office Department of Justice) (Parts 100—299) Title 5-Administrative Personnel I II III IV Office of Personnel Management (Parts 1-1199) V The International Organizations Employees Loyalty Board (Parts 1500-1599) VI Federal Retirement Thrift Investment Board (Parts 1600-1699) VII Advisory Commission on Intergovernmental Relations (Parts 1700-1799) Armed Forces Retirement Home (Part 2100) Federal Labor Relations Authority, General Counsel of the Federal Labor Relations Authority and Federal Service Impasses Panel (Parts 2400-2499) Office of Administration, Executive Office of the President (Parts 2500-2599) Office of Government Ethics (Parts 2600-2699) XV XVI XXII XXVI Federal Deposit Insurance Corporation (Part 3202) Department of Defense (Part 3601) |