1. U.S. Code
  2. title 20
  3. chapter 42
  4. § 2010

Collapse to view only § 2010. Expenditures and audit of Trust Fund

§ 2001. Congressional statement of findings

The Congress finds that—

because a high regard for the public trust and a lively exercise of political talents were outstanding characteristics of the thirty-third President of the United States;

because a special interest of the man from Independence in American history and a broad knowledge and understanding of the American political and economic system gained by study and experience in county and National Government culminated in the leadership of America remembered for the quality of his character, courage, and commonsense;

because of the desirability of encouraging young people to recognize and provide service in the highest and best traditions of the American political system at all levels of government, it is especially appropriate to honor former President Harry S Truman through the creation of a perpetual education scholarship program to develop increased opportunities for young Americans to prepare and pursue careers in public service.

(Pub. L. 93–642, § 2, Jan. 4, 1975, 88 Stat. 2276.)

CITE AS: 20 USC 2001

§ 2002. Definitions
As used in this chapter, the term—
(1) “Board” means the Board of Trustees of the Harry S Truman Scholarship Foundation;
(2) “Foundation” means the Harry S Truman Scholarship Foundation;
(3) “fund” means the Harry S Truman Memorial Scholarship Fund;
(4) “institution of higher education” means any such institution as defined by section 1001 of this title;
(5) “State” means each of the several States, the District of Columbia, the Commonwealth of Puerto Rico, and, considered as a single entity, Guam, the Virgin Islands, American Samoa, and the Trust Territory of the Pacific Islands; and
(6) “Secretary” means the Secretary of the Treasury.
(Pub. L. 93–642, § 3, Jan. 4, 1975, 88 Stat. 2276; Pub. L. 105–244, title I, § 102(a)(6)(D), Oct. 7, 1998, 112 Stat. 1618.)

CITE AS: 20 USC 2002

§ 2003. Other Federal memorials prohibited

The Harry S Truman Scholarship Program as authorized by this chapter shall be the sole Federal memorial to President Harry S Truman.

(Pub. L. 93–642, § 4, Jan. 4, 1975, 88 Stat. 2277.)

CITE AS: 20 USC 2003

§ 2004. Harry S Truman Scholarship Foundation
(a) Establishment
(b) Board of Trustees; membership
(1)1
1 So in original. No par. (2) has been enacted.
The Foundation shall be subject to the supervision and direction of a Board of Trustees. The Board shall be composed of thirteen members, as follows:
(A) two Members of the Senate, one from each political party, to be appointed by the President of the Senate;
(B) two Members of the House of Representatives, one from each political party, to be appointed by the Speaker;
(C) eight members, not more than four of whom shall be of the same political party, to be appointed by the President with the advice and consent of the Senate, of whom one shall be a chief executive officer of a State, one a chief executive officer of a city or county, one a member of a Federal court, one a member of a State court, one a person active in postsecondary education, and three representatives of the general public; and
(D) the Secretary of Education or his designate, who shall serve ex officio as a member of the Board, but shall not be eligible to serve as Chairman.
(c) Term of office
(d) Compensation
(Pub. L. 93–642, § 5, Jan. 4, 1975, 88 Stat. 2277; Pub. L. 96–88, title III, § 301(a)(1), title V, § 507, Oct. 17, 1979, 93 Stat. 677, 692.)

CITE AS: 20 USC 2004

§ 2005. Truman scholars
(a) Basis for award
(b) Maximum period of award
(c) Recipient’s choice of institution
(d) Encouragement of recipient to pursue public service career
(Pub. L. 93–642, § 6, Jan. 4, 1975, 88 Stat. 2278.)

CITE AS: 20 USC 2005

§ 2006. Selection of scholars
(a) Nationwide competition
(b) Procedures
(Pub. L. 93–642, § 7, Jan. 4, 1975, 88 Stat. 2278.)

CITE AS: 20 USC 2006

§ 2007. Stipends

Each student awarded a scholarship under this chapter shall receive a stipend which shall not exceed the cost to such student for tuition, fees, books, room and board, or $10,000 (adjusted annually to reflect increases, if any, in the Consumer Price Index for All Urban Consumers, published by the Bureau of Labor Statistics) whichever is less for each academic year of study.

(Pub. L. 93–642, § 8, Jan. 4, 1975, 88 Stat. 2278; Pub. L. 99–159, title V, § 501, Nov. 22, 1985, 99 Stat. 904.)

CITE AS: 20 USC 2007

§ 2008. Scholarship conditions
(a) Satisfactory proficiency and devotion of full time to study or research; unapproved employment
(b) Reports; certification by official of institution
(Pub. L. 93–642, § 9, Jan. 4, 1975, 88 Stat. 2278.)

CITE AS: 20 USC 2008

§ 2009. Harry S Truman Memorial Scholarship Trust Fund
(a) Establishment
(b) Investment in interest-bearing obligations
(c) Sale and redemption of obligations
(d) Credit to the fund of interest and proceeds of sale or redemption
(Pub. L. 93–642, § 10, Jan. 4, 1975, 88 Stat. 2279.)

CITE AS: 20 USC 2009

§ 2009a. Investment of amounts appropriated and contributed to Harry S Truman Memorial Scholarship Trust Fund

Notwithstanding section 2009(b) of this title, on and after December 26, 2007, at the request of the Board of Trustees of the Harry S Truman Scholarship Foundation, it shall be the duty of the Secretary of the Treasury to invest in full the amounts appropriated and contributed to the Harry S Truman Memorial Scholarship Trust Fund, as provided in such section. All requests of the Board of Trustees to the Secretary provided for in this section shall be binding on the Secretary.

(Pub. L. 110–161, div. D, title VI, § 619, Dec. 26, 2007, 121 Stat. 2016.)

CITE AS: 20 USC 2009a

§ 2009b. Payment to Trust Fund; Board requests binding on Secretary

For payment to the Harry S Truman Scholarship Foundation Trust Fund, established by section 2009 of this title, $500,000, to remain available until expended: Provided, That on or after March 11, 2009, all requests of the Board of Trustees to the Secretary of the Treasury provided for in this section shall be binding on the Secretary, including requests for the issuance at par of special obligations exclusively to the fund as provided for in section 2009(b) of this title, which the Secretary shall implement without regard to the determination related to the public interest required by the last sentence of that section.

(Pub. L. 111–8, div. D, title V, Mar. 11, 2009, 123 Stat. 665.)

CITE AS: 20 USC 2009b

§ 2010. Expenditures and audit of Trust Fund
(a) Authorization of funding
(b) Access to books, records, etc., by Government Accountability Office
(Pub. L. 93–642, § 11, Jan. 4, 1975, 88 Stat. 2279; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)

CITE AS: 20 USC 2010

§ 2011. Executive Secretary of Foundation
(a) Appointment; functions
(b) Compensation
(Pub. L. 93–642, § 12, Jan. 4, 1975, 88 Stat. 2280.)

CITE AS: 20 USC 2011

§ 2012. Administrative provisions
(a) Powers of Foundation
In order to carry out the provisions of this chapter, the Foundation is authorized to—
(1) appoint and fix the compensation of such personnel as may be necessary to carry out the provisions of this chapter, except that in no case shall employees other than the Executive Secretary be compensated at a rate to exceed the rate provided for employees in grade 15 of the General Schedule set forth in section 5332 of title 5;
(2) procure temporary and intermittent services of experts and consultants as are necessary to the extent authorized by section 3109 of title 5, but at rates not to exceed the rate specified at the time of such service for grade GS–18 in section 5332 of such title;
(3) prescribe such regulations as it deems necessary governing the manner in which its functions shall be carried out;
(4) receive money and other property donated, bequeathed, or devised, without condition or restriction other than it be used for the purposes of the Foundation; and to use, sell, or otherwise dispose of such property for the purpose of carrying out its functions;
(5) accept and utilize the services of voluntary and noncompensated personnel and reimburse them for travel expenses, including per diem, as authorized by section 5703 of title 5;
(6) enter into contracts, grants, or other arrangements, or modifications thereof, to carry out the provisions of this chapter, and such contracts or modifications thereof may, with the concurrence of two-thirds of the members of the Board, be entered into without performance or other bonds, and without regard to section 6101 of title 41;
(7) make advances, progress, and other payments which the Board deems necessary under this chapter without regard to the provisions of section 3324(a) and (b) of title 31;
(8) rent office space in the District of Columbia; and
(9) make other necessary expenditures.
(b) Annual report to Congress
(Pub. L. 93–642, § 13, Jan. 4, 1975, 88 Stat. 2280.)

CITE AS: 20 USC 2012

§ 2013. Authorization of appropriations

There are authorized to be appropriated $30,000,000 to the fund.

(Pub. L. 93–642, § 14, Jan. 4, 1975, 88 Stat. 2280.)

CITE AS: 20 USC 2013