An Act to establish the Harry S Truman Memorial Scholarships, and for other purposes.
PL 93-642 (S.3548), enacted 01/04/1975

2276 
PUBLIC LAW 93-642-JAN. 4, 1975 
[88 
STAT. 
Secretary under this section may include such recommendations as 
he considers appropriate for termination or consolidation of any such 
reporting requirements. 
42 u s e 300e-4. 
TECHNICAL AMENDMENT 
SEC. 8. Section 1305(b)(1) of the Public Health Service Act is 
amended to read as follows: 
" (b) (1) Except as provided in paragraph (2), the aggregate amount 
of principal of loans made or guaranteed, or both, under this section 
for a health maintenance organization may not exceed $2,500,000. 
In any fiscal year, the amount disbursed under a loan or loans made or 
guaranteed under this section for a health maintenance organization 
may not exceed $1,000,000,000." 
Approved January 4, 1975. 
Public Law 93-642 
January 4, 1975 
[S.3548] 
Harry S Truman 
Memorial Scholar-
ship Act. 
20 u s e 2001 
note. 
20 u s e 2001. 
AN ACT 
To establish the Harry S Truman memorial scholarships, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That this Act may 
be cited as the "Harry S Truman Memorial Scholarship Act". 
STATEMENT OF FINDINGS 
SEC. 2. The Congress finds that— 
because a high regard for the public trust and a lively exercise 
of political talents were outstanding characteristics of the thirty-
third President of the United States; 
because a special interest of the man from Independence in 
American history and a broad knowledge and understanding of 
the American political and economic system gained by study and 
experience in county and National Government culminated in 
the leadership of America remembered for the quality of his char-
acter, courage, and commonsense; 
because of the desirability of encouraging young people to 
recognize and provide service in the highest and best traditions of 
the American political system at all levels of government, it is 
especially appropriate to honor former President Harry 
S 
Truman through the creation of a perpetual education scholar-
ship program to develop increased opportunities for young 
Americans to prepare and pursue careers in public service. 
20 u s e 2002. 
DEFINITIONS 
SEC. 3. As used in this Act, the term— 
(1) "Board" means the Board of Trustees of the Harry S 
Truman Scholarship Foundation; 
88 STAT. ] 
PUBLIC LAW 93-642-jAN. 4, 1975 
2277 
(2) "Foundation" means the Harry S Truman Scholarship 
Foundation; 
(3) "fund" means the Harry S Truman Memorial Scholarship 
Fund; 
(4) "institution of higher education" means any such institution 
as defined by section 1201(a) of the Higher Education Act of 
1965; 
(5) "State" means each of the several States, the District of 
Columbia, the Commonwealth of Puerto Rico, and, considered as 
a single entity, Guam, the Virgin Islands, American Samoa, and 
the Trust Territory of the Pacific Islands; and 
(6) "Secretary" means the Secretary of the Treasury,". 
SEC. 4. The Harry S Truman Scholarship Program as authorized 
by this Act shall be the sole Federal memorial to President Harry S 
Truman. 
20 u s e 1141. 
20 u s e 2003. 
ESTABLISHMENT OF T H E HARRY S TRUMAN SCHOLARSHIP PROGRAM 
SEC. 5. (a) There is established, as an independent establishment of 
the executive branch of the United States Government, the Harry S 
Truman Scholarship Foundation. 
(b) (1) The Foundation shall be subject to the supervision and 
direction of a Board of Trustees. The Board shall be composed of 
thirteen members, as follows: 
(A) two Members of the Senate, one from each political party, 
to be appointed by the President of the Senate; 
(B) two Members of the House of Representatives, one from 
each political party, to be appointed by the Speaker; 
(C) eight members, not more than four of whom shall be 
of the same political party, to be appointed by the President 
with the advice and consent of the Senate, of whom one shall be 
a chief executive officer of a State, one a chief executive officer of a 
city or county, one a member of a Federal court, one a member of 
a State court, one a person active in postsecondary education, 
and three representatives of the general public; and 
(D) the Commissioner of Education or his designate, who 
shall serve ex officio as a member of the Board, but shall not be 
eligible to serve as Chairman. 
(c) The term of office of each member of the Board shall be 
six years; except that (1) the members first taking office shall serve 
as designated by the President, four for terms of two years, five for 
terms of four years, and four for terms of six years, and (2) any 
member appointed to fill a vacancy shall serve for the remainder of 
the tei"m for which his predecessor was appointed, and shall be 
appointed in the same manner as the original appointment for that 
vacancy was made. 
(d) Members of the Board shall serve without pay, but shall be 
entitled to reimbursement for travel, subsistence, and other necessary 
expenses incurred in the performance of their duties. 
Establishment. 
20 u s e 2004. 
Membership. 
Term. 
Compensation, 
38-194 O - 76 - 61 Pt. 2 
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PUBLIC L
A
W 93-642-JAN. 4, 1975 
[88 STAT. 
SCHOLARSHIPS 
20 use 2005. 
gj>c g (a) Xhe Foundation is authorized to award scholarships 
to persons who demonstrate outstanding potential for and who 
plan to pursue a career in public service. Award recipients shall be 
known as Truman scholars. 
(b) Scholarships under this Act shall be awarded for such periods 
as the Foundation may prescribe but not to exceed four academic 
years. 
(c) A student awarded a scholarship under this Act may attend any 
institution of higher education offering courses of study, training, or 
other educational activities designed to prepare persons for a career 
in public service as determined pursuant to criteria established by the 
Foundation. 
(d) Each student awarded a scholarship under this Act must have 
indicated a serious intent to enter the public service upon the comple-
tion of his or her educational program. Each institution of higher 
education at which such a student is in attendance will make reasonable 
continuing efforts to encourage such a student to enter the public 
service upon completing his or her educational program. 
SELECTION OF TRUMAN 
SCHOLARS 
20 use 2006. 
gjjc. 7. (a) The Foundation is authorized, either directly or by 
contract, to provide for the conduct of a nationwide competition for 
the purpose of selecting Truman scholars. 
(b) The Foundation shall adopt selection procedures which shall 
assure that at least one Truman scholar shall be selected each year 
from each State in which there is at least one resident applicant who 
meets the minimum criteria established by the Foundation. 
STIPENDS 
20 use 2007. 
gjjQ^ 3^ Each student awarded a scholarship under this Act shall 
receive a stipend which shall not exceed the cost to such student for 
tuition, fees, books, room and board, or $5,000 whichever is less for 
each academic year of study. 
SCHOLARSHIP CONDITIONS 
20 u s e 2008. 
S E C 9. (a) A student awarded a scholarship under the provisions of 
this Act shall continue to receive the payments provided in this Act 
only during such periods as the Foundation finds that he or she is 
maintaining satisfactory proficiency and devoting full time to study 
or research designed to prepare him or her for a career in public service 
and is not otherwise engaging in gainful employment other than 
employment approved by the Foundation pursuant to regulation. 
Reports. 
^|^^ rpj^^ Fouudatiou is authorized to require reports containing such 
information in such form and to be filed at such times as the Founda-
tion determines to be necessary from any student awarded a scholar-
ship under the provisions of this act. Such reports shall be 
accompanied by a certificate from an appropriate official at the institu-
tion of higher education, approved by the Foundation, stating that such 
student is making satisfactory progress in, and is devoting essentially 
full time to, study or research, except as otherwise provided in sub-
section (a). 
88 
STAT.] 
PUBLIC LAW 93-642-JAN. 4, 1975 
2:279 
TRUMAN MEMORIAL SCHOLARSHIP FUND 
SEC. 10. (a) There is established in the Treasury of the United 
States a trust fund to be known as the Harry S Truman Memorial 
Scholarship Trust Fund. The fund shall consist of amounts appro-
priated to it by section 14 of this act. 
(b) It shall be the duty of the Secretaiy to invest in full the 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 interest 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 place. The purposes for which obligations of the United 
States may be issued under the Second Liberty Bond Act, as amended, 
are hereby extended to authorize the issuance at par of special obliga-
tions 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 per centum, the rate 
of interest of such special obligations shall be the multiple of one-
eighth of 1 per centum next lower than such average i-ate. Such special 
obligations shall be issued only if the Secretaiy 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. 
(c) Any obligation acquired by the fund (except special obligations 
issued exclusively to the fund) may be sold by the Secretary at the 
market price, and such special obligations may be redeemed at par 
plus accrued interest. 
(d) 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. 
EXPENDITURES FROM THE FUND 
SEC. 11. (a) The Secretary is authorized to pay to the Foundation 
from the interest and earnings of the fund such sums as the Board 
determines are necessary and appropriate to enable the Foundation to 
carry out the purposes of the Act. 
(b) The activities of the Foundation under this Act 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 the Foundation, per-
taining to such activities and necessary to facilitate the audit. 
Establishment. 
20 u s e 2009. 
31 u s e 774. 
20 use 2010. 
GAO audit. 
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PUBLIC LAW 93-642-JAN. 4, 1975 
[88 STAT. 
EXECUTIVE SECRETARY 
20 use 2011. 
SEC. 12. (a) There shall be an Executive Secretary of the Founda-
tion who shall be appointed by the Board. The Executive Secretary 
shall be the chief executive officer of the Foundation and shall carry 
out the functions of the Foundation subject to the supervision and 
direction of the Board. The Executive Secretary shall carry out such 
other functions consistent with the provisions of this Act as the Board 
shall delegate. 
(b) The Executive Secretary of the Foundation shall be com-
pensated at the rate specified for employees placed in grade 18 of 
the General Schedule set forth in section 5332 of title 5, United States 
5 u s e 5332 
C o d e . 
ADMINISTRATIVE 
PROVISIONS 
note. 
20 use 2012. 
gj,Q_ Y^^ (^Q^^ jj^ order to carry out the provisions of this Act, the 
Foundation is authorized to— 
(1) appoint and fix the compensation of such personnel as may 
be necessary to carry out the provisions of this Act, except that 
in no case shall employees other than the Executive Secretary be 
compensated at a rate to exceed the rate provided for employees 
in grade 15 of the General Schedule set forth in section 5332 of 
title 5, United States Code; 
(2) procure temporary and intermittent services of experts and 
consultants as are necessary to the extent authorized by section 
3109 of title 5, United States Code, but at rates not to exceed the 
rate specified at the time of such service for grade GS-18 in 
section 5332 of such title; 
Regulations. 
^3^ prescHbe such regulations as it deems necessary governing 
the manner in which its functions shall be carried out; 
(4) receive money and other property donated, bequeathed, 
or devised, without condition or restriction other than it be used 
for the purposes of the Foundation; and to use, sell, or otherwise 
dispose of such property for the purpose of carrying out its 
functions; 
(5) accept and utilize the services of voluntary and noncom-
pensated personnel and reimburse them for travel expenses, 
including per diem, as authorized by section 5703 of title 5, 
United States Code; 
(6) enter into contracts, grants, or other arrangements, or 
modifications thereof, to carry out the provisions of this Act, and 
such contracts or modifications thereof may, with the concurrence 
of two-thirds of the members of the Board, be entered into without 
performance or other bonds, and without regard to section 3709 
of the Revised Statutes, as amended (41 U.S.C. 5) ; 
(7) make advances, progress, and other payments which the 
Board deems necessary under this Act without regard to the 
provisions of section 3648 of the Revised Statutes, as amended 
(31 U.S.C. 529); 
(8) rent office space in the District of Columbia; and 
(9) make other necessary expenditures. 
Report to pres. 
(b) The Fouudatlon shall submit to the President and to the 
llTsr""* ^°"' 
Congress an annual report of its operations under this Act. 
APPROPRIATIONS AUTHORIZED 
20 use 2013. 
SEC. 14. There are authorized to be appropriated $30,000,000 to 
the fund. 
Approved January 4, 1975. 
Contract au' 
thority.