Sec. 407. AUDITS AND REPORT REQUIREMENTS

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## SEC. 407 AUDITS AND REPORT REQUIREMENTS **[**[16 U.S.C. 583j–5](/us/usc/t16/s583j–5)**]** ###

(a)Audits For purposes of the Act entitled “An Act for audit of accounts of private corporations established under Federal law,” approved August 30, 1964 (36 U.S.C. 1101 through 1103; Public Law 88-504) the Foundation shall be treated as a private corporation established under Federal law. ###

(b)Annual Reports The Foundation shall transmit each year to Congress a report of its proceedings and activities of the previous year, including a full and complete statement of its receipts, expenditures, and investments.

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16 USC 583j–5
36 USC 1101
Pub. L. 88-504

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Sec. 407

AUDITS AND REPORT REQUIREMENTS

Cite16 USC 583j–5

Cite36 USC 1101

Pub. L.Pub. L. 88-504

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