PUBLIC LAW 102-245—FEB. 14, 1992 106 STAT. 19 "(A) theoretical analysis, experimentation, or systematic study of phenomena or observable facts; "(B) the development or testing of basic engineering techniques; "(C) the extension of investigative finding or theory of a scientific or technical nature into practical application for experimental and demonstration piirposes, including the experimental production and testing of models, prototypes, equipment, materials, and processes; "(D) the collection, exchange, and analysis of research information; "(E) the production of any product, process, or service; or "(F) any combination of the purposes specified in subparagraphs (A), (B), (C), (D), and (E), and may include the establishment and operation of facilities for the conducting of research, the conducting of such venture on a protected and proprietary basis, and the prosecuting of applications for patents and the granting of licenses for the results of such ventxire; and "(2) the term 'United States-owned company' means a compeiny that has majority ownership or control by individuals who are citizens of the United States.". (d) EFFECTIVE DATE. —The amendments in subsection (c) shall 15 USC 278n take effect immediately upon enactment; however, the amendments "****• shall not apply to applications submitted before the date of enactment of this Act. (e) MANAGEMENT COSTS. —Section 2 of the National Institute of Standards and Technology Act (15 U.S.C. 272) is amended by adding at the end thereof the following new subsection: "(d) In carrying out the extrtunural funding programs of the Institute, including the programs established under sections 25, 26, and 28 of this Act, the Secretary may retain reasonable amounts of any funds appropriated pursuant to authorizations for these programs in order to pay for the Institute's management of these programs.". (0 COMPREHENSIVE REPORT. —The Secretary shall, not later than 15 USC 278n 4 years after the date of enactment of this Act, submit to each "°*®- House of the Congress and the President a comprehensive report on the results of the Advanced Technology Program established under section 28 of the National Institute of Standards and Technology Act (15 U.S.C. 278n), including any activities in the areas of high-resolution information systems, advanced manufacturing technology, and advanced materials. TITLE III—AMENDMENTS TO THE STEVENSON-WYDLER TECHNOLOGY INNOVATION ACT OF 1980 SEC. 301. FEDERAL LABORATORY CONSORTIUM. (a) Section ll(e)(2) of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3710(e)(2)) is amended by inserting "senior" after "Consortixim and a". (b) Section ll(e)(6) of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3710(e)(6)) is amended by adding at the end the following: "Such report shall include an annual independent audit of the financial statements of the Consortium,
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