Sec. 604. Biannual review of procedures to determine fair market value of goods and services
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Subsection (d)(3) of the Travel Promotion Act of 2009 ( 22 U.S.C. 2131(d)(3) ) is amended— in subparagraph (B)(ii), by striking 80 percent and inserting 70 percent ; and by adding at the end the following: The Corporation shall maintain an in-kind contributions policy. Not later than 90 days after the date of enactment of the Travel Promotion, Enhancement, and Modernization Act of 2014, the Secretary of Commerce, in coordination with the Corporation, shall establish formal, publicly available procedures specifying time frames and conditions for— making and agreeing to revisions of the Corporation’s in-kind contributions policy; and addressing and resolving disagreements between the Corporation and its partners, including the Secretary of Commerce, regarding the in-kind contributions policy.
The Corporation and the Secretary of Commerce (or their designees) shall meet on a biannual basis to review the procedures to determine the fair market value of goods and services received from non-Federal sources by the Corporation under subparagraph (B). .
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Sec. 604
Biannual review of procedures to determine fair market value of goods and services
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