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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 20 U.S.C. § 4511 Expenditures and audit us united_states_code code_section 20 EDUCATION 57 JAMES MADISON MEMORIAL FELLOWSHIP PROGRAM 4511 20 U.S.C. § 4511 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc20@119-100.zip /us/usc/t20/s4511 data/legal/raw/us/code/title-20/usc20.xml 8249791cdc80a1e57f9d04eea9b391f597ae8d94db6e5287e8bdde89b16b4227 6022872c5d6a3398d1728f82f8cefcb58db9f5ff548e2a636450be1e4a8bb052 0f9afef82c4b1f90c8b9b226596e455c036bedf45a61c50d2b7ebd836b2d7762 2026-07-04 official
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20 U.S.C. § 4511 - Expenditures and audit

Text

(a) The Secretary of the Treasury is authorized to 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 provisions of this chapter.

(b) 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. 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 the Foundation, pertaining to such activities and necessary to facilitate the audit.

(Pub. L. 99500, § 101(b) [title VIII, § 812], Oct. 18, 1986, 100 Stat. 178339, 178380, and Pub. L. 99591, § 101(b) [title VIII, § 812], Oct. 30, 1986, 100 Stat. 334139, 334180; Pub. L. 108271, § 8(b), July 7, 2004, 118 Stat. 814.)

Notes

Editorial Notes

Codification Pub. L. 99591 is a corrected version of Pub. L. 99500.

Amendments2004—Subsec. (b). Pub. L. 108271 substituted “Government Accountability Office” for “General Accounting Office” in two places.