1. U.S. Code
  2. title 20
  3. chapter 63
  4. § 5205

Collapse to view only § 5205. Use of income on endowment

§ 5201. Purposes
The purposes of this chapter are—
(1) to provide a permanent endowment for the Eisenhower Exchange Fellowship Program;
(2) to honor Dwight D. Eisenhower for his character, courage, and patriotism, and for his leadership based on moral integrity and trust;
(3) to pay tribute to President Eisenhower’s leadership in war and peace, through his diverse understanding of history, practical affairs, and the hearts of humankind;
(4) to address America’s need for the best possible higher education of its young talent for a competitive world which shares a common and endangered environment;
(5) to advance the network of friendship and trust already established in President Eisenhower’s name, so that it may continue to grow to the imminent challenges of the 21st century;
(6) to complete Dwight David Eisenhower’s crusade to liberate the people’s of Europe from oppression;
(7) to deepen and expand relationships with European nations developing democracy and self-determination; and
(8) to honor President Dwight D. Eisenhower on the occasion of the centennial of his birth through permanent endowment of an established fellowship program, the Eisenhower Exchange Fellowships, to increase educational opportunities for young leaders in preparation for and enhancement of their professional careers, and advancement of peace through international understanding.
(Pub. L. 101–454, § 2, Oct. 24, 1990, 104 Stat. 1063.)

CITE AS: 20 USC 5201

§ 5202. Eisenhower Exchange Fellowship Program Trust Fund
(a) Establishment
(b) Investment in interest-bearing obligations
(c) Sale and redemption of obligations
(d) Credit to fund of interest and proceeds of sale or redemption
(Pub. L. 101–454, § 3, Oct. 24, 1990, 104 Stat. 1063.)

CITE AS: 20 USC 5202

§ 5203. Expenditure and audit of trust fund
(a) Authorization of funding
(b) Access to books, records, etc., by Government Accountability Office
(Pub. L. 101–454, § 4, Oct. 24, 1990, 104 Stat. 1064; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)

CITE AS: 20 USC 5203

§ 5204. Authorization of appropriationsTo provide a permanent endowment for the Eisenhower Exchange Fellowship Program, there are authorized to be appropriated to the Eisenhower Exchange Fellowships Program Trust Fund—
(1) $5,000,000; and
(2) the lesser of—
(A) $2,500,000, or
(B) an amount equal to contributions to Eisenhower Exchange Fellowships, Incorporated, from private sector sources during the 4-year period beginning on October 24, 1990.
(Pub. L. 101–454, § 5, Oct. 24, 1990, 104 Stat. 1064.)

CITE AS: 20 USC 5204

§ 5205. Use of income on endowment
(a), (b) Repealed. Pub. L. 104–134, title I, § 101[(a)] [title IV, § 407], Apr. 26, 1996, 110 Stat. 1321, 1321–45; renumbered title I, Pub. L. 104–140, § 1(a), May 2, 1996, 110 Stat. 1327
(c) Agricultural exchange program
(d) Participation by United States minority populations
(Pub. L. 101–454, § 6, Oct. 24, 1990, 104 Stat. 1065; Pub. L. 104–134, title I, § 101[(a)] [title IV, § 407], Apr. 26, 1996, 110 Stat. 1321, 1321–45; renumbered title I, Pub. L. 104–140, § 1(a), May 2, 1996, 110 Stat. 1327.)

CITE AS: 20 USC 5205

§ 5206. Report to Congress

For any fiscal year for which Eisenhower Exchange Fellowships, Incorporated, receive funds pursuant to section 5203(a) of this title, Eisenhower Exchange Fellowships, Incorporated, shall prepare and transmit to the President and the Congress a report of its activities for such fiscal year.

(Pub. L. 101–454, § 7, Oct. 24, 1990, 104 Stat. 1065.)

CITE AS: 20 USC 5206

§ 5207. Status as executive agency

Notwithstanding any other provision of law, on and after August 2, 2002, for purposes of section 501 of title 40 (relating to Federal sources of supply, including lodging providers, airlines and other transportation providers), the Eisenhower Exchange Fellowship Program shall be deemed an executive agency for the purposes of carrying out the provisions of section 5201 of this title, and the employees of and participants in the Eisenhower Exchange Fellowship Program shall be eligible to have access to such sources of supply on the same basis as employees of an executive agency have such access.

(Pub. L. 107–206, title I, § 1203, Aug. 2, 2002, 116 Stat. 888.)

CITE AS: 20 USC 5207