ADDITIONAL REQUIREMENTS FOR AWARDS.

SEC. 999C. ADDITIONAL REQUIREMENTS FOR AWARDS.(a) Demonstration Projects.—An application for an award under this subtitle for a demonstration project shall describe with specificity the intended commercial use of the technology to be demonstrated. (b) Flexibility in Locating Demonstration Projects.—Subject to the limitation in section 999A(c), a demonstration project under this subtitle relating to an ultra-deepwater technology or an ultra-deepwater architecture may be conducted in deepwater depths. (c) Intellectual Property Agreements.—If an award under this subtitle is made to a consortium (other than the program consortium), the consortium shall provide to the Secretary a signed contract agreed to by all members of the consortium describing the rights of each member to intellectual property used or developed under the award. (d) Technology Transfer.—Two and one-half percent of the amount of each award made under this subtitle shall be designated for technology transfer and outreach activities under this subtitle. (e) Cost Sharing Reduction for Independent Producers.—In applying the cost sharing requirements under section 988 to an award under this subtitle the Secretary may reduce or eliminate the non-Federal requirement if the Secretary determines that the 119 STAT. 922 reduction is necessary and appropriate considering the technological risks involved in the project. (f) Information Sharing.—All results of the research administered by the program consortium shall be made available to the public consistent with Department policy and practice on information sharing and intellectual property agreements.