Sec. 8. Audits and reports requirements
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For purposes of section 10101 of title 36, United States Code, the Foundation shall be treated as a corporation in part B of subtitle II of such title. The Foundation shall transmit at the end of each fiscal year a report to Congress of its proceedings and activities during that fiscal year, including— a full and complete statement of its receipts, expenditures, and investments; a description of all acquisition and disposal of real property by the Foundation; a detailed statement of the recipient, amount, and purpose of each grant made by the Foundation; and a copy of any audit prepared for the Foundation in the previous fiscal year.