Title 20 — EducationRelease 119-73not60
§4708 Expenditures From Fund
Title 20 › Chapter 59— BARRY GOLDWATER SCHOLARSHIP AND EXCELLENCE IN EDUCATION PROGRAM › § 4708
Summary
The Treasury Secretary can give the Foundation money taken from the fund’s interest and earnings. The Foundation’s board decides how much is needed and appropriate to let the Foundation carry out its work under this law. The Government Accountability Office may audit the Foundation’s activities under these rules set by the Comptroller General. GAO staff may inspect any books, records, reports, files, papers, or other property the Foundation uses that are needed for the audit.
Full Legal Text
Title 20, §4708
Education — Source: USLM XML via OLRC
(a)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.
(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. 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. § 4708
Title 20 — Education
Last Updated
Apr 5, 2026
Release point: 119-73not60