---
kind: "section"
citation: "20 U.S.C. § 4708"
title: "20"
title_heading: "Education"
number: "4708"
heading: "Expenditures from fund"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/20/4708"
units:
  - "Chapter 59 — Barry Goldwater Scholarship and Excellence in Education Program"
---

# §4708. Expenditures from fund

- (a) **In general—** The [Secretary](/usc/20/1221.md?p=c-4) of the Treasury may pay to the [Foundation](/usc/20/4702.md?p=1) from the interest and earnings of the [fund](/usc/20/4702.md?p=3) such sums as the [Board](/usc/20/4702.md?p=2) determines are necessary and appropriate to enable the [Foundation](/usc/20/4702.md?p=1) to carry out the purposes of this chapter.
- (b) **Audits by GAO—** The activities of the [Foundation](/usc/20/4702.md?p=1) under this chapter may be audited by the Government Accountability Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. Representatives of the Government Accountability Office shall have access to all books, accounts, records, reports, and files and all other papers, things, or property belonging to or in use by the [Foundation](/usc/20/4702.md?p=1) pertaining to such activities and necessary to facilitate the audit.

## Source credit

(Pub. L. 99–661, div. A, title XIV, § 1409, Nov. 14, 1986, 100 Stat. 4011; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)

## Notes

### Editorial Notes

### Amendments

2004—Subsec. (b). Pub. L. 108–271 substituted “Government Accountability Office” for “General Accounting Office” in two places.