20 U.S.C. § 4708 — Expenditures from fund
submitted 40 years ago by Pub. L. 99-661 to r/title-20-EDUCATION · 122 words · no verdicts yet
This section covers expenditures from fund. It states the rules that apply to that subject.
(a) In general The Secretary of the Treasury can pay to the Foundation* from the interest and earnings of the fund* that sums as the Board* determines are necessary and appropriate to enable the Foundation to carry out the purposes of this chapter. (b) Audits by GAO The activities of the Foundation under this chapter can be audited by the Government Accountability Office under that rules and regulations as can be prescribed by the Comptroller General of the United States. 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 that activities and necessary to facilitate the audit.
The Secretary of the Treasury may 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.
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. 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. 99–661, div. A, title XIV, § 1409, Nov. 14, 1986, 100 Stat. 4011; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)
- 1986Enacted · Pub. L. 99-661 · 100 Stat. 4011
- 2004Amended · Pub. L. 108-271 · 118 Stat. 814
A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-661 on 1986-11-14.
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