Sec. 7. AUDITS, REPORT REQUIREMENTS, AND PETITION OF ATTORNEY GENERAL FOR EQUITABLE RELIEF
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## SEC. 7 AUDITS, REPORT REQUIREMENTS, AND PETITION OF ATTORNEY GENERAL FOR EQUITABLE RELIEF ###
(a)Audits For purposes of the Act entitled “An Act for audit accounts of private corporations established under Federal law” approved August 30, 1964 (Public Law 88–504, 36 U.S.C. 1101–1103), the Foundation shall be treated as a private corporation established under Federal law. ###
(b)Report The Foundation shall, as soon as practicable after the end of each fiscal year, transmit to the Committee on Resources of the House of Representatives and the Committee on Environment and Public Works of the Senate a report of its proceedings and activities during such year, including a full and complete statement of its receipts, expenditures, and investments; and a description of all acquisition and disposal of real property that is subject to section 4(e). The report shall include a detailed statement of the recipient, amount, and purpose of each grant made by the Foundation in the fiscal year. ###
(c)Relief with Respect to Certain Foundation Acts or Failure to Act If the Foundation— ####
(1)engages in, or threatens to engage in, any act, practice, or policy that is inconsistent with its purposes set forth in section 2(b); or ####
(2)refuses, fails, or neglects to discharge its obligations under this Act, or threatens to do' the Attorney General of the United States may petition in the United States District Court for the District of Columbia for such equitable relief as may be necessary or appropriate. **[**[16 U.S.C. 3706](/us/usc/t16/s3706)**]**
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- Pub. L. 88-504
- 36 USC 1101–1103
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Sec. 7
AUDITS, REPORT REQUIREMENTS, AND PETITION OF ATTORNEY GENERAL FOR EQUITABLE RELIEF
Pub. L.Pub. L. 88-504
Cite36 USC 1101–1103
Cites 3Cited by 0 across 0 sources