14 U.S.C. § 1155: Contract termination

not less than 1 year after the date of the notification; or the date the Commandant notifies the vendor that maintenance of such work product is no longer required. means tangible and intangible items and information produced or possessed as a result of a contract referred to in subsection (a); and any completed end items; any uncompleted end items; and any property in the contractor’s possession in which the United States Government has an interest. A vendor that fails to maintain work product as required under subsection (a) is liable to the United States for a civil penalty of not more than $25,000 for each day on which such work product is unavailable. all Coast Guard contracts with a total value of more than $1,000,000 that were terminated in the fiscal year; all vendors who were notified under subsection (a)(1) in the fiscal year, and the date of such notification; all criminal, administrative, and other investigations regarding any contract with a total value of more than $1,000,000 that were initiated by the Coast Guard in the fiscal year; all criminal, administrative, and other investigations regarding contracts with a total value of more than $1,000,000 that were completed by the Coast Guard in the fiscal year; and an estimate of costs incurred by the Coast Guard, including contract line items and termination costs, as a result of the requirements of this section. The Commandant is not required to provide a report under paragraph (1) for any fiscal year for which there is no responsive information as described in subparagraphs (A) through (E) of paragraph (1).