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42 U.S.C. § 17355

Powers of the Foundation; related provisions

United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective

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42 U.S.C. § 17355, Powers of the Foundation; related provisions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/484496
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The Foundation— The Foundation shall maintain its principal office in the metropolitan area of Washington, District of Columbia. The Foundation shall be subject to chapter 91 of subtitle VI of title 31, except that the Foundation shall not be authorized to issue obligations or offer obligations to the public. The Inspector General of the Department of State shall serve as Inspector General of the Foundation, and, in acting in such capacity, may conduct reviews, investigations, and inspections of all aspects of the operations and activities of the Foundation. In carrying out the responsibilities under this subsection, the Inspector General shall report to and be under the general supervision of the Board. The Foundation shall reimburse the Department of State for all expenses incurred by the Inspector General in connection with the Inspector General’s responsibilities under this subsection. Of the amount authorized to be appropriated under section 17357(a) of this title for a fiscal year, up to $500,000 is authorized to be made available to the Inspector General of the Department of State to conduct reviews, investigations, and inspections of operations and activities of the Foundation.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.