§3706. Audits, report requirements, and petition of Attorney General for equitable relief

(a) Audits

For purposes of the Act entitled "An Act for audit of 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 Congress 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 3703(e) of this title.

(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 3701(b) of this title; or

(2) refuses, fails, or neglects to discharge its obligations under this chapter, or threatens to do so;

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.

( Pub. L. 98–244, §7, Mar. 26, 1984, 98 Stat. 110 ; Pub. L. 100–240, §2(b)(2), Jan. 11, 1988, 101 Stat. 1786 .)

References in Text

The Act entitled "An Act for audit of accounts of private corporations established under Federal law", approved August 30, 1964 (Public Law 88–504, 36 U.S.C. 1101–1103), referred to in subsec. (a), is Pub. L. 88–504, Aug. 30, 1964, 78 Stat. 635 , as amended, which is classified principally to chapter 42 (§1101 et seq.) of Title 36, Patriotic Societies and Observances. For complete classification of this Act to the Code, see Tables.

Amendments

1988-Subsec. (b). Pub. L. 100–240 inserted ";  and a description of all acquisition and disposal of real property that is subject to section 3703(e) of this title" before period at end.