Page:United States Statutes at Large Volume 114 Part 4.djvu/490

 114 STAT. 2552 PUBLIC LAW 106-533—NOV. 22, 2000 and make expenditures with only such resources as are available to the Board from the Congressional Recognition for Excellence in Arts Education Awards Trust Fund under section 211. "(b) CONTRACTS.—The Board may enter into such contracts as may be appropriate to carry out the business of the Board, but the Boara may not enter into any contract which will obligate the Board to expend an amount greater than the amount available to the Board for the purpose of such contract during the fiscal year in which the expenditure is made. "(c) GIFTS. —The Board may seek and accept, from sources other than the Federal Government, funds and other resources to carry out the Board's activities. The Board may not accept any funds or other resources that are— "(1) donated with a restriction on their use unless such restriction merely provides that such funds or other resources be used in furtherance of the Congressional Recognition for Excellence in Arts Education Awards Program; or "(2) donated subject to the condition that the identity of the donor of the funds or resources shall remain anonymous. "(d) VOLUNTEERS.— The Board may accept and utilize the services of voluntary, uncompensated personnel. "(e) REAL OR PERSONAL PROPERTY.— The Board may lease (or otherwise hold), acquire, or dispose of real or personal property necessary for, or relating to, the duties of the Board. "(f) PROHIBITIONS. —The Board shall have no power— "(1) to issue bonds, notes, debentures, or other similar obligations creating long-term indebtedness; "(2) to issue any share of stock or to declare or pay any dividends; or "(3) to provide for any part of the income or assets of the Board to inure to the benefit of any director, officer, or employee of the Board except as reasonable compensation for services or reimbursement for expenses. 2 USC 817a. " SEC. 209. AUDITS. "The financial records of the Board may be audited by the Comptroller General of the United States at such times as the Comptroller General may determine to be appropriate. The Comptroller General, or any duly authorized representative of the Comptroller General, shall have access for the purpose of audit to any books, documents, papers, and records of the Board (or any agent of the Board) which, in the opinion of the Comptroller General, may be pertinent to the Congressional Recognition for Excellence in Arts Education Awards Program. 2 USC 817b. " SEC. 210. TERMINATION. "The Board shall terminate 6 years after the date of enactment of this title. The Board shall set forth, in its bylaws, the procedures for dissolution to be followed by the Board. 2 USC 817c. " SEC. 211. TRUST FUND. "(a) ESTABLISHMENT OF FUND. — There shall be established in the Treasury of the United States a trust fund which shall be known as the "Congressional Recognition for Excellence in Arts Education Awards Trust Fund". The fund shall be administered by the Board, and shall consist of amounts donated to the Board under section 208(c) and amounts credited to the fund under subsection (d).

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