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§ 1484.53 - What are the requirements for documenting and reporting contributions?

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Each claimed contribution must be documented by the Cooperator, showing the method of computing non-cash contributions, salaries, and travel expenses.

Each Cooperator must keep records of the methods used to compute the value of non-cash contributions, and

Copies of invoices or receipts for expenses paid by the U.S. industry and not reimbursed by the Cooperator for the joint activity; or

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

If neither of the foregoing is available, a statement from the U.S. industry as to what goods and services it provided; or

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.

Each Cooperator must report its contributions as described in § 1550.70 (a).

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§ 1484.53 - What are the requirements for documenting and reporting contributions?