106 STAT. 4260 PUBLIC LAW 102-564—OCT. 28, 1992

"(ii) outside peer review, if appropriate;
"(iii) protection of proprietary information provided
in proposals;

"(iv) selection of awardees;

"(v) retention by a small business concern of the
rights to data generated by the concern in the perform-
ance of an STTR award for a period of not less than
4 years;

"(vi) continued use by a small business concern,
as a directed bailment, of any property transferred
by a Federal agency to the small business concern
in the second phase of the STTR program for a period
of not less than 2 years, beginning on the initial date
of the concern's participation in the third phase of
such program;

"(vii) cost sharing;

"(viii) cost principles and payment schedules; and
"(ix) 1-year awards for the first phase of an STTR
program, generally not to exceed $100,000, and 2-year
awards for the second phase of an STTR program,
generally not to exceed $500,000, greater or lesser
amounts to be awarded at the discretion of the award-
ing agency;

"(C) minimizing regulatory burdens associated with
participation in STTR programs;

"(D) guidelines for a model agreement, to be used by
all agencies, for allocating between small business concerns
and research institutions intellectual property rights and
rights, if any, to carry out follow-on research, development,
or commercialization;

"(E) procedures to ensure that—

"(i) a recipient of an STTR award is a small busi-
ness concern, as defined in section 3 and the regula-
tions promulgated thereunder; and

"(ii) such small business concern exercises manage-
ment and control of the performance of the STTR fund-
ing agreement pursuant to a business plan providing
for the commercialization of the technology that is
the subject matter of the award; and
"(F) procedures to ensure, to the extent practicable,
that an agency which intends to pursue research, develop-
ment, or production of a technology developed by a small
business concern under an STTR program enters into fol-
low-on, non-STTR funding agreements with the small busi-
ness concern for such research, development, or produc-
tion.".

£rrrsr%«iR ^ TIMING OF ISSUANCE OF POLICY DIRECTIVE.—The policy

note directive required by section 9(p) of the Small Business Act (as

added by subsection (c) of this section) shall be published—

(1) in proposed form (with an opportunity for public com-
ment of not less than 30 days), not later than April 30, 1993;
and

(2) in final form, not later than July 31,1993.

is use 638 (e) REPORT OF THE COMPTROLLER GENERAL.—Not later than

note. March 31, 1996, the Comptroller General of the United States

shall submit a report to the Congress and the head of each agency