§ 220511. Reports and audits

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. 1998

   Pub. L. 105–225 · 112 Stat. 1253

   Enacted · 36 U.S.C. § 220511

   Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1471

   Source evidence

   Code source credit
   Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1471

2. 1998

   Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1999

   Pub. L. 105–277 div. C title I § 142(j)(1) · 112 Stat. 2681

   Amended · 36 U.S.C. § 220511(a)

   Pub. L. 105–277 amended heading and text of subsec. (a) generally. Prior to amendment, text read as follows: “Not later than June 1 of each year, the corporation shall submit simultaneously to the President and to each House of Congress a detailed report of its operations during the prior calendar year, including—

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 105–277 amended heading and text of subsec. (a) generally. Prior to amendment, text read as follows: “Not later than June 1 of each year, the corporation shall submit simultaneously to the President and to each House of Congress a detailed report of its operations during the prior calendar year, including—

   “(1) a complete statement of the corporation’s receipts and expenditures; and “(2) a comprehensive description of the activities and accomplishments of the corporation during the prior year.”

   Enacted provision · exact public law section
   Sec. 142. (a) Notwithstanding any other provision of law, rule, or regulation, an employee of the District of Columbia public schools shall be— (1) classified as an Educational Service employee; (2) placed under the personnel authority of the Board of Education; and (3) subject to all Board of Education rules. (b) School-based personnel shall constitute a separate competitive area from nonschool-based personnel who shall not compete with school-based personnel for retention purposes.

3. 2006

   Pub. L. 109–284 § 5(18) · 120 Stat. 1211

   Substituted · 36 U.S.C. § 220511

   Pub. L. 109–284 substituted “Report” for “Annual report” in section catchline

   Source evidence

   Code amendment note
   Pub. L. 109–284 substituted “Report” for “Annual report” in section catchline.

   Enacted provision · exact public law section
   (18) In section 220511, in the section heading, strike “Annual report” and substitute “Report”.

4. 2020

   Empowering Olympic, Paralympic, and Amateur Athletes Act of 2020

   Pub. L. 116–189 § 6(f)(1) · 134 Stat. 943

   Amended · 36 U.S.C. § 220511

   Pub. L. 116–189 amended section generally. Prior to amendment, section related to reports to be submitted by the United States Olympic Committee

   Source evidence

   Code amendment note
   Pub. L. 116–189 amended section generally. Prior to amendment, section related to reports to be submitted by the United States Olympic Committee.

   Enacted provision · exact public law section
   (1) In general.— Section 220511 of title 36, United States Code, is amended to read as follows: “§ 220511. Reports and audits “(a) Report.— “(1) Submission to president and congress.— Not less frequently than annually, the corporation shall submit simultaneously to the President and to each House of Congress a detailed report on the operations of the corporation for the preceding calendar year. “(2) Matters to be included.— Each report required by paragraph (1) shall include the following: “(A) A comprehensive description of the activities and accomplishments of the corporation during such calendar year. “(B) Data concerning the participation of women, disabled individuals, and racial and ethnic minorities in the amateur athletic activities and administration of the corporation and national governing bodies. “(C) A description of the steps taken to encourage the participation of women, disabled individuals, and racial minorities in amateur athletic activities. “(D) A description of any lawsuit or grievance filed against the corporation, including any dispute initiated under this chapter. “(E) The agenda and minutes of any meeting of the board of directors of the corporation that occurred during such calendar year. “(F) A report by the compliance committee of the corporation that, with respect to such calendar year— “(i) identifies— “(I) the areas in which the corporation has met compliance standards; and “(II) the areas in which the corporation has not met compliance standards; and “(ii) assesses the compliance of each member of the corporation and provides a plan for improvement, as necessary. “(G) A detailed description of any complaint of retaliation made during such calendar year, including the entity involved, the number of allegations of retaliation, and the outcome of such allegations. “(3) Public availability.— The corporation shall make each report under this subsection available to the public on an easily accessible internet website of the corporation. “(b) Audit.— “(1) In general.— Not less frequently than annually, the financial statements of the corporation for the preceding fiscal year shall be audited in accordance with generally accepted auditing standards by— “(A) an independent certified public accountant; or “(B) an independent licensed public accountant who is certified or licensed by the regulatory authority of a State or a political subdivision of a State. “(2) Location.— An audit under paragraph (1) shall be conducted at the location at which the financial statements of the corporation normally are kept. “(3) Access.— An individual conducting an audit under paragraph (1) shall be given full access to— “(A) all records and property owned or used by the corporation, as necessary to facilitate the audit; and “(B) any facility under audit for the purpose of verifying transactions, including any balance or security held by a depository, fiscal agent, or custodian. “(4) Report.— “(A) In general.— Not later than 180 days after the end of the fiscal year for which an audit is carried out, the auditor shall submit a report on the audit to the Committee on Commerce, Science, and Transportation of the Senate, the Committee on the Judiciary of the House of Representatives, and the chair of the Athletes’ Advisory Council. “(B) Matters to be included.— Each report under subparagraph (A) shall include the following for the applicable fiscal year: “(i) Any statement necessary to present fairly the assets, liabilities, and surplus or deficit of the corporation. “(ii) An analysis of the changes in the amounts of such assets, liabilities, and surplus or deficit. “(iii) A detailed statement of the income and expenses of the corporation, including the results of any trading, manufacturing, publishing, or other commercial endeavor. “(iv) A detailed statement of the amounts spent on stipends and services for athletes. “(v) A detailed statement of the amounts spent on compensation and services for executives and administration officials of the corporation, including the 20 employees of the corporation who receive the highest amounts of compensation. “(vi) A detailed statement of the amounts allocated to the national governing bodies. “(vii) Such comments and information as the auditor considers necessary to inform Congress of the financial operations and condition of the corporation. “(viii) Recommendations relating to the financial operations and condition of the corporation. “(ix) A description of any financial conflict of interest (including a description of any recusal or other mitigating action taken), evaluated in a manner consistent with the policies of the corporation, of— “(I) a member of the board of directors of the corporation; or “(II) any senior management personnel of the corporation. “(C) Public availability.— “(i) In general.— The corporation shall make each report under this paragraph available to the public on an easily accessible internet website of the corporation. “(ii) Personally identifiable information.— A report made available under clause (i) shall not include the personally identifiable information of any individual.” .

3 of 4 references resolved to an enrolled provision · 1 partial