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16 U.S.C. § 410cc–37 — Use of funds; maintenance of financial records; audits

submitted 46 years ago by Pub. L. 95-290 to r/title-16-CONSERVATION · 123 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money the Lowell Historic Preservation Commission gets from donations, property sales or leases, or service fees stays available for the Commission's authorized work, without expiring at year's end. The Commission must keep clear financial records, and the Secretary of the Interior must have these records audited at least once a year.

This section has two unlettered parts. First, any money or other assets the Commission gets from donations, leasing or selling property, or charging fees for services stays available to the Commission — with no yearly expiration — for any Commission function allowed under this subchapter. The Commission must keep financial records that clearly show how much money and other assets it received and where they came from, plus any other financial records the Secretary requires. Second, the Secretary must have the Commission's financial records audited at least once a year, to make sure the Commission is using its money and assets the way this subchapter allows.
the actual law source: uscode.house.gov ↗public domain
(a)

Any revenues or other assets acquired by the Commission by donation, the lease or sale of property or fees for services shall be available to the Commission, without fiscal year limitation, to be used for any function of the Commission authorized under this subchapter. The Commission shall keep financial records fully disclosing the amount and source of revenues and other assets acquired by the Commission, and shall keep such other financial records as the Secretary may prescribe.

(b)

The Secretary shall require audits of the financial records of the Commission to be conducted not less frequently than once each year in order to ensure that revenues and other assets of the Commission are being used in a manner authorized under this subchapter.

Source credit: (Pub. L. 95–290, title III, § 307, as added Pub. L. 96–344, § 10, Sept. 8, 1980, 94 Stat. 1136.)

history & why it existsrecord from the source credit
  • 1980Enacted · Pub. L. 95-290 · 94 Stat. 1136

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-290 on 1980-09-08.

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