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20 U.S.C. § 5607Expenditures and audit of Trust Fund

submitted 34 years ago by Pub. L. 102-259 to r/title-20-EDUCATION · 149 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) In general

The Foundation shall pay from the interest and earnings of the Trust Fund such sums as the Board determines are necessary and appropriate to enable the Foundation to carry out the provisions of this chapter, including a reasonable amount for official reception and representation expenses, as determined by the Board, not to exceed $5,000 for a fiscal year.

(b) Audit by Government Accountability Office

The activities of the Foundation and the Center 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 filed and all other papers, things, or property belonging to or in use by the Foundation and the Center, pertaining to such federally assisted activities and necessary to facilitate the audit.

Source credit: (Pub. L. 102–259, § 9, Mar. 19, 1992, 106 Stat. 83; Pub. L. 105–156, § 9(b), Feb. 11, 1998, 112 Stat. 12; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814; Pub. L. 111–90, § 8, Nov. 3, 2009, 123 Stat. 2978.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 102-259 · 106 Stat. 83
  • 1998Amended · Pub. L. 105-156 · 112 Stat. 12
  • 2004Amended · Pub. L. 108-271 · 118 Stat. 814
  • 2009Amended · Pub. L. 111-90 · 123 Stat. 2978

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-259 on 1992-03-19.

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