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Title 20 — Education

Chapter 63 — Eisenhower Exchange Fellowship Program

§ 5203. Expenditure and audit of trust fund

Statutory text

(a)

Authorization of funding

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)

Access to books, records, etc., by Government Accountability Office

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

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. Eisenhower Exchange Fellowship Act of 1990

    Pub. L. 101–454 § 4 · 104 Stat. 1063

    Enacted · 20 U.S.C. § 5203

    Pub. L. 101–454, § 4, Oct. 24, 1990, 104 Stat. 1064

    Source evidence

    Code source credit
    Pub. L. 101–454, § 4, Oct. 24, 1990, 104 Stat. 1064

    Enacted provision · exact public law section
    SEC. 4. EXPENDITURE AND AUDIT OF TRUST FUND. (a) Authorization of Funding.— For each fiscal year, there is authorized to be appropriated from the fund to Eisenhower Ex-change Fellowships, Incorporated, the interest and earnings of the fund. (b) Access to Books, Records, Etc. by General Accounting Office.— The activities of Eisenhower Exchange Fellowships, Incorporated, 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. The 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 Eisenhower Exchange Fellowships, Incorporated, 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. § 5203(b)

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

    Source evidence

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

    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 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], , 110 Stat. 1321, 1321–45; renumbered title I, Pub. L. 104–140, § 1(a), , 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.”

Credits

1990–2004 · 2 acts
  1. 1990Pub. L. 101–454, § 4, , 104 Stat. 1064
  2. 2004Pub. L. 108–271, § 8(b), , 118 Stat. 814.
Show as published

(Pub. L. 101–454, § 4, , 104 Stat. 1064; 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/s5203