diting standards by an independent public account-
ant selected by the National Trust, of all such pay-
ments to the National Trust beginning in the first
fiscal year of the National Trust in which any such
amount is received and continuing until all such
amounts received by the National Trust with respect
to such surcharges are fully expended or placed in
trust.
(2) MINIMUM REQUIREMENTS FOR ANNUAL AU-
DITS.—At a minimum, each audit of the National
Trust pursuant to paragraph (1) shall report—
(A) the amount of payments received by
the National Trust during the fiscal year of the
National Trust for which the audit is conducted
which are derived from the proceeds of any sur-
charge imposed on the sale of coins issued
under this Act;
(B) the amount expended by the National
Trust from the proceeds of such surcharges
during the fiscal year of the National Trust for
which the audit is conducted; and
(C) whether all expenditures by the Na-
tional Trust from the proceeds of such sur-
charges during the fiscal year of the National
Trust for which the audit is conducted were for
authorized purposes.
(3) RESPONSIBILITY OF NATIONAL TRUST TO
ACCOUNT FOR EXPENDITURES OF SURCHARGES.—
The National Trust shall take appropriate steps, as
a condition for receiving any payment of any amount
derived from the proceeds of any surcharge imposed
on the sale of coins issued under this Act, to ensure
that the receipt of the payment and the expenditure
of the proceeds of such surcharge by the National
Trust in each fiscal year of the National Trust can
be accounted for separately from all other revenues
and expenditures of the National Trust.
(4) SUBMISSION OF AUDIT REPORT.—Not later
than 90 days after the end of any fiscal year of the
National Trust for which an audit is required under
paragraph (1), the National Trust shall—
(A) submit a copy of the report to the Sec-
retary of the Treasury; and
(B) make a copy of the report available to
the public.
(5) USE OF SURCHARGES FOR AUDITS.—The
National Trust may use any amount received from
payments derived from the proceeds of any sur-
charge imposed on the sale of coins issued under
this Act to pay the cost of an audit required under
paragraph (1).
(6) WAIVER OF SUBSECTION.—The Secretary
of the Treasury may waive the application of any
paragraph of this subsection to the National Trust
for any fiscal year after taking into account the
amount of surcharges which the National Trust re-
ceived or expended during such year.
(7) AVAILABILITY OF BOOKS AND RECORDS.—
The National Trust shall provide, as a condition for
receiving any payment derived from the proceeds of
any surcharge imposed on the sale of coins issued
under this Act, to the Inspector General of the De-
partment of the Treasury or the Comptroller Gen-
eral of the United States, upon the request of such
Inspector General or the Comptroller General, all
books, records, and workpapers belonging to or used
by the National Trust, or by any independent public
accountant who audited the National Trust in ac-
cordance with paragraph (1), which may relate to
the receipt or expenditure of any such amount by
the National Trust.
(c) USE OF AGENTS OR ATTORNEYS TO INFLUENCE
COMMEMORATIVE COIN LEGISLATION.—No portion of any
payment to the National Trust from amounts derived from
the proceeds of surcharges imposed on the sale of coins
issued under this Act may be used, directly or indirectly,
by the National Trust to compensate any agent or attor-
ney for services rendered to support or influence in any
way legislative action of the Congress relating to the coins
minted and issued under this Act.
Passed the House of Representatives September 17,
1996.
Attest:
Clerk.