Title 20, EducationRelease 119-110
§2010 Expenditures and Audit of Trust Fund
Title 20 › CHAPTER 42 — HARRY S TRUMAN MEMORIAL SCHOLARSHIPS › § 2010
Summary
The Secretary may pay the Foundation from the fund’s interest and earnings. The Board decides how much money is needed and appropriate to let the Foundation carry out its work. The Government Accountability Office may audit the Foundation under rules set by the Comptroller General. GAO staff can examine any records, reports, files, or other property the Foundation uses that are needed for the audit.
Full Legal Text
Title 20, §2010
Education, Source: USLM XML via OLRC
(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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2004—Subsec. (b). Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office” in two places.
Reference
Citations & Metadata
Citation
20 U.S.C. § 2010
Title 20, Education
Last Updated
Sep 22, 2026
Release point: 119-110