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20 U.S.C. § 2010 — Expenditures and audit of Trust Fund

submitted 51 years ago by Pub. L. 93-642 to r/title-20-EDUCATION · 129 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section controls expenditures from and audits of a Trust Fund. It assigns responsibilities for spending, accounting, and review.

(a) Authorization of funding The Secretary is authorized to pay to the Foundation from the interest and earnings of the fund such sums as the Board determines are necessary and appropriate to enable the Foundation to carry out the purposes of this chapter.

(b) Access to books, records, etc., by Government Accountability Office The activities of the Foundation under this chapter may be audited by the Government Accountability Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the Government Accountability Office must have access to all books, accounts, records, reports, and files and all other papers, things, or property belonging to or in use by the Foundation, pertaining to such activities and necessary to facilitate the audit.

the actual law source: uscode.house.gov ↗public domain
(a) Authorization of funding

The Secretary is authorized to pay to the Foundation from the interest and earnings of the fund such sums as the Board determines are necessary and appropriate to enable the Foundation to carry out the purposes of this chapter.

(b) Access to books, records, etc., by Government Accountability Office

The activities of the Foundation under this chapter may be audited by the Government Accountability Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the Government Accountability Office shall have access to all books, accounts, records, reports, and files and all other papers, things, or property belonging to or in use by the Foundation, pertaining to such activities and necessary to facilitate the audit.

Source credit: (Pub. L. 93–642, § 11, Jan. 4, 1975, 88 Stat. 2279; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)

history & why it existsrecord from the source credit
  • 1975Enacted · Pub. L. 93-642 · 88 Stat. 2279
  • 2004Amended · Pub. L. 108-271 · 118 Stat. 814

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-642 on 1975-01-04.

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