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Title 20 — Education

Chapter 59 — Barry Goldwater Scholarship and Excellence in Education Program

§ 4708. Expenditures from fund

Statutory text

(a)

In general

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)

Audits by GAO

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

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Barry Goldwater Scholarship and Excellence in Education Act

    Pub. L. 99–661 div. A title XIV § 1409 · 100 Stat. 3816

    Enacted · 20 U.S.C. § 4708

    Pub. L. 99–661, div. A, title XIV, § 1409, Nov. 14, 1986, 100 Stat. 4011

    Source evidence

    Code source credit
    Pub. L. 99–661, div. A, title XIV, § 1409, Nov. 14, 1986, 100 Stat. 4011

    Enacted provision · exact public law section
    SEC. 1409. EXPENDITURES FROM THE FUND (a) In General.— 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 title. (b) Audits By GAO.— The activities of the Foundation under this title may be audited by the General Accounting Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. Representatives of the General Accounting 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.

  2. GAO Human Capital Reform Act of 2004

    Pub. L. 108–271 § 8(b) · 118 Stat. 811

    Substituted · 20 U.S.C. § 4708(b)

    Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office” in two places

    Source evidence

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

    Enacted provision · exact public law section
    (b) References.— Any reference to the General Accounting Office in any law, rule, regulation, certificate, directive, instruction, or other official paper in force on the date of enactment of this Act shall be considered to refer and apply to the Government Accountability Office.

2 of 2 references resolved to an enrolled provision

Editorial Notes

Amendments

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

Credits

1986–2004 · 2 acts
  1. 1986Pub. L. 99–661, div. A, title XIV, § 1409, , 100 Stat. 4011
  2. 2004Pub. L. 108–271, § 8(b), , 118 Stat. 814.
Show as published

(Pub. L. 99–661, div. A, title XIV, § 1409, , 100 Stat. 4011; Pub. L. 108–271, § 8(b), , 118 Stat. 814.)

Parsed from the official OLRC USLM XML in data/usc_all/usc20.xml · release point 119-108 · OLRC build 2026-04-17

USLM identifier /us/usc/t20/s4708