Page:United States Statutes at Large Volume 124.djvu/2560

 124 STAT. 2534 PUBLIC LAW 111–240—SEPT. 27, 2010 that are small business concerns, based upon the latest data available from the Department of Commerce; and (D) promotes new-to-market export opportunities to the People’s Republic of China for eligible small business concerns in the United States. (3) LIMITATIONS.— (A) SINGLE APPLICATION.—A State may not submit more than 1 application for a grant under the program in any 1 fiscal year. (B) PROPORTION OF AMOUNTS.—The total value of grants under the program made during a fiscal year to the 10 States with the highest number of exporters that are small business concerns, based upon the latest data available from the Department of Commerce, shall be not more than 40 percent of the amounts appropriated for the program for that fiscal year. (4) APPLICATION.—A State desiring a grant under the pro- gram shall submit an application at such time, in such manner, and accompanied by such information as the Associate Adminis- trator may establish. (d) COMPETITIVE BASIS.—The Associate Administrator shall award grants under the program on a competitive basis. (e) FEDERAL SHARE.—The Federal share of the cost of an export program carried out using a grant under the program shall be— (1) for a State that has a high export volume, as determined by the Associate Administrator, not more than 65 percent; and (2) for a State that does not have a high export volume, as determined by the Associate Administrator, not more than 75 percent. (f) NON-FEDERAL SHARE.—The non-Federal share of the cost of an export program carried using a grant under the program shall be comprised of not less than 50 percent cash and not more than 50 percent of indirect costs and in-kind contributions, except that no such costs or contributions may be derived from funds from any other Federal program. (g) REPORTS.— (1) INITIAL REPORT.—Not later than 120 days after the date of enactment of this Act, the Associate Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report, which shall include— (A) a description of the structure of and procedures for the program; (B) a management plan for the program; and (C) a description of the merit-based review process to be used in the program. (2) ANNUAL REPORTS.—The Associate Administrator shall submit an annual report to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives regarding the program, which shall include— (A) the number and amount of grants made under the program during the preceding year;