Page:United States Statutes at Large Volume 124.djvu/1395

 124 STAT. 1369 PUBLIC LAW 111–200—JULY 7, 2010 (c) REQUIREMENTS REGARDING FINANCIAL OPERATIONS.—Sec- tion 104(c) of the Congressional Award Act (2 U.S.C. 804(c)) is amended— (1) in paragraph (1), in the third sentence, by striking ‘‘, in any calendar year,’’ and inserting ‘‘in any fiscal year’’; and (2) by striking paragraph (2) and inserting the following: ‘‘(2)(A) The Comptroller General of the United States shall determine for each fiscal year whether the Director has substan- tially complied with paragraph (1). The findings made by the Comptroller General under the preceding sentence shall be included in the reports submitted under section 107(b). ‘‘(B) If the Director fails to substantially comply with para- graph (1), the Board shall instruct the Director to take such actions as may be necessary to correct such deficiencies, and shall remove and replace the Director if such deficiencies are not promptly corrected.’’. (d) FUNDING AND EXPENDITURES.—Section 106(a) of the Congressional Award Act (2 U.S.C. 806(a)) is amended by striking paragraph (1) and inserting the following: ‘‘(1) the Board shall carry out its functions and make expenditures with— ‘‘(A) such resources as are available to the Board from sources other than the Federal Government; and ‘‘(B) funds awarded in any grant program administered by a Federal agency in accordance with the law establishing that grant program.’’. (e) STATEWIDE CONGRESSIONAL AWARD COUNCILS.—Section 106(c) of the Congressional Award Act (2 U.S.C. 806(c)) is amended by striking paragraph (4) and inserting the following: ‘‘(4) Each Statewide Council established under this section may receive contributions, and use such contributions for the purposes of the Program. The Board shall adopt appropriate financial management methods in order to ensure the proper accounting of these funds. Each Statewide Council shall comply with subsections (a), (d), (e), and (h) governing the Board.’’. (f) CONTRACTING AND USE OF FUNDS FOR SCHOLARSHIPS.—Sec- tion 106 of the Congressional Award Act (2 U.S.C. 806) is amended— (1) in subsection (d), by inserting ‘‘to be’’ after ‘‘expenditure is’’; and (2) in subsection (e)(1)(A), by inserting ‘‘or for scholarships’’ after ‘‘local program’’. (g) NONPROFIT CORPORATION.—Section 106 of the Congressional Award Act (2 U.S.C. 806) is amended by striking subsection (i) and inserting the following: ‘‘(i)(1) The Board shall provide for the incorporation of a non- profit corporation to be known as the Congressional Award Founda- tion (together with any subsidiary nonprofit corporations deter- mined desirable by the Board, collectively referred to in this title as the ‘Corporation’) for the sole purpose of assisting the Board to carry out the Congressional Award Program, and shall delegate to the Corporation such duties as it considers appropriate, including the employment of personnel, expenditure of funds, and the incur- rence of financial or other contractual obligations. ‘‘(2) The articles of incorporation of the Congressional Award Foundation shall provide that— Determination.