2014 US Code
Title 20 - Education (Sections 1 - 10013)
Chapter 66 - Morris K. Udall and Stewart L. Udall Foundation (Sections 5601 - 5609)
Sec. 5607 - Expenditures and audit of Trust Fund

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Metadata
Publication TitleUnited States Code, 2012 Edition, Supplement 2, Title 20 - EDUCATION
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 20 - EDUCATION
CHAPTER 66 - MORRIS K. UDALL AND STEWART L. UDALL FOUNDATION
Sec. 5607 - Expenditures and audit of Trust Fund
Containssection 5607
Date2014
Laws In Effect As Of DateJanuary 5, 2015
Positive LawNo
Dispositionstandard
Source CreditPub. 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.
Statutes at Large References106 Stat. 83
112 Stat. 12
118 Stat. 814
123 Stat. 2978
Public and Private LawsPublic Law 102-259, Public Law 105-156, Public Law 108-271, Public Law 111-90

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20 U.S.C. § 5607 (2014)
§5607. Expenditures and audit of Trust Fund(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.

(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.)

AMENDMENTS

2009—Subsec. (a). Pub. L. 111–90 inserted before period at end ", including a reasonable amount for official reception and representation expenses, as determined by the Board, not to exceed $5,000 for a fiscal year".

2004—Subsec. (b). Pub. L. 108–271 substituted "Government Accountability Office" for "General Accounting Office" in heading and in two places in text.

1998—Subsec. (a). Pub. L. 105–156 substituted "Trust Fund" for "Fund".

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