§4511 — Title 20 Education | U.S. Code

Summary

The Secretary of the Treasury can pay the Foundation from the fund’s interest and earnings whatever amounts the Board decides are needed for the Foundation to do its work under this chapter. The Government Accountability Office may audit the Foundation under rules set by the Comptroller General. GAO staff may inspect any records, reports, files, or other materials the Foundation uses that are needed for the audit.

Title 20, §4511

Education — Source: USLM XML via OLRC

(a)The Secretary of the Treasury 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 provisions of this chapter.

(b)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.

Editorial Notes

Codification Pub. L. 99–591 is a corrected version of Pub. L. 99–500.

Amendments

2004—Subsec. (b). Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office” in two places.

§4511 Expenditures and audit

Summary

Title 20, §4511

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata