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20 USC CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP

PROGRAM 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

.

-HEAD-

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

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Sec.

5201. Purposes.

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.

5203. Expenditure and audit of trust fund.

(a) Authorization of funding.

(b) Access to books, records, etc., by General

Accounting Office.

5204. Authorization of appropriations.

5205. Use of income on endowment.

(a), (b) Repealed.

(c) Agricultural exchange program.

(d) Participation by United States minority

populations.

5206. Report to Congress.

5207. Status as executive agency.

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20 USC Sec. 5201 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

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Sec. 5201. Purposes

-STATUTE-

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.

-SOURCE-

(Pub. L. 101-454, Sec. 2, Oct. 24, 1990, 104 Stat. 1063.)

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REFERENCES IN TEXT

This chapter, referred to in text, was in the original ''this

Act'', meaning Pub. L. 101-454, Oct. 24, 1990, 104 Stat. 1063,

which is classified principally to this chapter. For complete

classification of this Act to the Code, see Short Title note below

and Tables.

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SHORT TITLE

Section 1 of Pub. L. 101-454 provided that: ''This Act (enacting

this chapter, amending sections 4901, 4902, and 4904 of Title 22,

Foreign Relations and Intercourse, and enacting provisions set out

as notes under sections 4901 and 4902 of Title 22) may be cited as

the 'Eisenhower Exchange Fellowship Act of 1990'.''

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SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 5207 of this title.

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20 USC Sec. 5202 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

-HEAD-

Sec. 5202. Eisenhower Exchange Fellowship Program Trust Fund

-STATUTE-

(a) Establishment

There is established in the Treasury of the United States a trust

fund to be known as the Eisenhower Exchange Fellowship Program

Trust Fund (hereinafter in this chapter referred to as the

''fund''). The fund shall consist of amounts authorized to be

appropriated under section 5204 of this title.

(b) Investment in interest-bearing obligations

It shall be the duty of the Secretary of the Treasury to invest

in full amounts appropriated to the fund. Such investments may be

made only in interest-bearing obligations of the United States or

in obligations guaranteed as to both principal and interests

(FOOTNOTE 1) by the United States. For such purpose, such

obligations may be acquired (1) on original issue at the issue

price, or (2) by purchase of outstanding obligations at the market

price. The purposes for which obligations of the United States may

be issued under chapter 31 of title 31, are hereby extended to

authorize the issuance at par of special obligations exclusively to

the fund. Such special obligations shall bear interest at a rate

equal to the average rate of interest, computed as to the end of

the calendar month next preceding the date of such issue borne by

all marketable interest-bearing obligations of the United States

then forming a part of the public debt; except that where such

average rate is not a multiple of one-eighth of 1 percent, the rate

of interest of such special obligations shall be the multiple of

one-eighth of 1 percent next lower than such average rate. Such

special obligations shall be issued only if the Secretary

determines that the purchase of other interest-bearing obligations

of the United States, or of obligations guaranteed as to both

principal and interest by the United States or original issue or at

the market price, is not in the public interest.

(FOOTNOTE 1) So in original. Probably should be ''interest''.

(c) Sale and redemption of obligations

Any obligation acquired by the fund (except special obligations

issued exclusively to the fund) may be sold by the Secretary of the

Treasury at the market price, and such special obligations may be

redeemed at par plus accrued interest.

(d) Credit to fund of interest and proceeds of sale or redemption

The interest on, and the proceeds from the sale or redemption of,

any obligations held in the fund shall be credited to and form a

part of the fund.

-SOURCE-

(Pub. L. 101-454, Sec. 3, Oct. 24, 1990, 104 Stat. 1063.)

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20 USC Sec. 5203 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

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Sec. 5203. Expenditure and audit of trust fund

-STATUTE-

(a) Authorization of funding

For each fiscal year, there is authorized to be appropriated from

the fund to Eisenhower Exchange Fellowships, Incorporated, the

interest and earnings of the fund.

(b) Access to books, records, etc., by General Accounting Office

The activities of Eisenhower Exchange Fellowships, Incorporated,

may be audited by the General Accounting Office under such rules

and regulations as may be prescribed by the Comptroller General of

the United States. The representatives of the General Accounting

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 Eisenhower Exchange Fellowships, Incorporated, pertaining

to such activities and necessary to facilitate the audit.

-SOURCE-

(Pub. L. 101-454, Sec. 4, Oct. 24, 1990, 104 Stat. 1064.)

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USE OF EARNED UNUSED TRUST INCOME FOR FELLOWSHIP PURPOSES

Pub. L. 104-134, title I, Sec. 101((a)) (title IV, Sec. 407),

Apr. 26, 1996, 110 Stat. 1321, 1321-45; renumbered title I, Pub. L.

104-140, Sec. 1(a), May 2, 1996, 110 Stat. 1327, provided in part

that: ''notwithstanding any other provision of law, Eisenhower

Exchange Fellowships, Incorporated, may use one-third of any earned

but unused trust income from the period 1992 through 1995 for

Fellowship purposes in each of fiscal years 1996 through 1998.''

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SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 5205, 5206 of this title.

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20 USC Sec. 5204 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

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Sec. 5204. Authorization of appropriations

-STATUTE-

To 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.

-SOURCE-

(Pub. L. 101-454, Sec. 5, Oct. 24, 1990, 104 Stat. 1064.)

-SECREF-

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in section 5202 of this title.

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20 USC Sec. 5205 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

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Sec. 5205. Use of income on endowment

-STATUTE-

(a), (b) Repealed. Pub. L. 104-134, title I, Sec. 101((a)) (title

IV, Sec. 407), Apr. 26, 1996, 110 Stat. 1321, 1321-45;

renumbered title I, Pub. L. 104-140, Sec. 1(a), May 2, 1996,

110 Stat. 1327

(c) Agricultural exchange program

For any fiscal year, as may be determined by Eisenhower Exchange

Fellowships, Incorporated, a portion of the amounts made available

to Eisenhower Exchange Fellowships, Incorporated, pursuant to

section 5203(a) of this title shall be used to provide fellowships

for agricultural exchange programs for farmers from the United

States and foreign countries.

(d) Participation by United States minority populations

In order to ensure that the United States fellows participating

in programs of the Eisenhower Exchange Fellowships, Incorporated,

are representative of the cultural, ethnic, and racial diversity of

the American people, of the amounts made available to Eisenhower

Exchange Fellowships, Incorporated, pursuant to section 5203(a) of

this title which are obligated and expended for United States

fellowship programs, not less than 10 percent shall be available

only for participation by individuals who are representative of

United States minority populations.

-SOURCE-

(Pub. L. 101-454, Sec. 6, Oct. 24, 1990, 104 Stat. 1065; Pub. L.

104-134, title I, Sec. 101((a)) (title IV, Sec. 407), Apr. 26,

1996, 110 Stat. 1321, 1321-45; renumbered title I, Pub. L. 104-140,

Sec. 1(a), May 2, 1996, 110 Stat. 1327.)

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AMENDMENTS

1996 - Subsec. (a). Pub. L. 104-134 struck out heading and text

of subsec. (a). Text read as follows: ''For any fiscal year, not

less than 50 percent of the amounts made available to Eisenhower

Exchange Fellowships, Incorporated, pursuant to section 5203(a) of

this title shall be available only to assist United States fellows

in traveling to and studying in emerging European democracies.''

Subsec. (b). Pub. L. 104-134 struck out heading and text of

subsec. (b). Text read as follows: ''For any fiscal year, not more

than 50 percent of the amounts made available to Eisenhower

Exchange Fellowships, Incorporated, pursuant to section 5203(a) of

this title shall be available to assist foreign fellows in

traveling to and studying in the United States.''

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20 USC Sec. 5206 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

-HEAD-

Sec. 5206. Report to Congress

-STATUTE-

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.

-SOURCE-

(Pub. L. 101-454, Sec. 7, Oct. 24, 1990, 104 Stat. 1065.)

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20 USC Sec. 5207 01/06/03

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TITLE 20 - EDUCATION

CHAPTER 63 - EISENHOWER EXCHANGE FELLOWSHIP PROGRAM

-HEAD-

Sec. 5207. Status as executive agency

-STATUTE-

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.

-SOURCE-

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

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CODIFICATION

''Section 501 of title 40'' substituted for ''section 201(a) of

the Federal Property and Administrative Services Act of 1949'' on

authority of Pub. L. 107-217, Sec. 5(c), Aug. 21, 2002, 116 Stat.

1303, the first section of which enacted Title 40, Public

Buildings, Property, and Works.

Section was enacted as part of the 2002 Supplemental

Appropriations Act for Further Recovery From and Response To

Terrorist Attacks on the United States, and not as part of the

Eisenhower Exchange Fellowship Act of 1990 which comprises this

chapter.

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