Title 20 — EducationRelease 119-73not60
§5203 Expenditure and Audit of Trust Fund
Title 20 › Chapter 63— EISENHOWER EXCHANGE FELLOWSHIP PROGRAM › § 5203
Summary
Each fiscal year, the fund’s interest and earnings may be given to Eisenhower Exchange Fellowships, Incorporated. The Government Accountability Office can audit their activities under rules from the Comptroller General and has access to any books, records, reports, files, or property needed.
Full Legal Text
Title 20, §5203
Education — Source: USLM XML via OLRC
(a)For each fiscal year, there is authorized to be appropriated from the fund to Eisenhower Exchange Fellowships, Incorporated, the interest and earnings of the fund.
(b)The activities of Eisenhower Exchange Fellowships, Incorporated, 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 Eisenhower Exchange Fellowships, Incorporated, 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 heading and in two places in text.
Statutory Notes and Related Subsidiaries
Use of Earned Unused Trust Income for Fellowship Purposes Pub. L. 104–134, title I, § 101[(a)] [title IV, § 407], Apr. 26, 1996, 110 Stat. 1321, 1321–45; renumbered title I, Pub. L. 104–140, § 1(a), May 2, 1996, 110 Stat. 1327, provided in part that: “notwithstanding any other provision of law, Eisenhower Exchange Fellowships, Incorporated, may use one-third of any earned but unused trust income from the period 1992 through 1995 for Fellowship purposes in each of fiscal years 1996 through 1998.”
Reference
Citations & Metadata
Citation
20 U.S.C. § 5203
Title 20 — Education
Last Updated
Apr 5, 2026
Release point: 119-73not60