An Act to provide for audit of accounts of private corporations established under Federal law
PL 88-504 (H.R.4223), enacted 08/30/1964

78 STAT. ] 
PUBLIC LAW 88-504-AUG. 30, 1964 
635 
Public Law 88-504 
AN ACT 
August 30, 1964 
To provide for audit of accounts of private corporations established under 
[H. R. 4223] 
Federal law. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America 
in Congress asseTnhled. That the term ^.^^^^^^^^ corpora-
"private corporations established under Federal law" as used in this 
Audit of accounts. 
Act means the following organizations • 
(1) Agricultural Hall of Fame. 
(2) American Chemical Society. 
(3) American Historical Association. 
(4) The American Legion. 
(5) The American National Theater and Academy. 
(6) American Society of International Law. 
(7) American Symphony Orchestra League. 
(8) American War Mothers. 
(9) AMVETS (American Veterans of World War II). 
(10) Belleau Wood Memorial Association. 
(11) Big Brothers of America. 
(12) Blinded Veterans Association. 
(13) Blue Star Mothers of America. 
(14) Board for Fundamental Education. 
(15) Boy Scouts of America. 
(16) Boys' Clubs of America. 
(17) Civil Air Patrol. 
(18) Conference of State Societies, Washington, District of 
Columbia. 
(19) The Congressional Medal of Honor Society of the United 
States of America. 
^20) Daughters of the American Revolution. 
(21) Disabled American Veterans. 
(22) The Foundation of the Federal Bar Association. 
(23) Future Farmers of America. 
(24) Girl Scouts of America. 
(25) Grand Army of the Republic. 
^26) Jewish War Veterans, U.S.A., National Memorial, Inc. 
(27) Ladies of the Grand Army of the Republic. 
^28) Legion of Valor of the United States of America, Incorporated. 
f29) Marine Corps League. 
(30) Military Chaplains Association of the United States of 
America. 
(31) Military Order of the Purple Heart of the United States of 
America. 
(32) National Academy of Sciences. 
(33) National Conference on Citizenship. 
(34) National Fund for Medical Education. 
(35) National Music Council. 
(36) National Safety Council. 
(37) National Woman's Relief Corps, Auxiliary to the Grand 
Army of the Republic. 
J 38) The National Yeomen F. 
39) Naval Sea Cadet Corps. 
[40) Navy Club of the United States of America. 
[41 \ Reserve Officers Association. 
(42) Sons of the American Revolution. 
^43) Sons of Union Veterans of the Civil War, 
(44) United Spanish War Veterans. 
gress 
636 
PUBLIC LAW 88-504-AUG. 30, 1964 
[78 STAT. 
(45) United States Blind Veterans of World War I. 
(46) United States Olympic Association. 
(47) Veterans of Foreign Wars of the United States. 
(48) Veterans of World War I of the United States of America. 
Annual audit. 
gj,Q 2. The accounts of private corporations established under Fed-
eral law shall be audited annually in accordance with generally ac-
cepted auditing standards by independent certified public accountants 
or independent licensed public accountants, certified or licensed by a 
regulatory authority of a State or other political subdivision of the 
United States. The audits shall be conducted at the place or places 
where the accounts of the corporations are normally kept. All books, 
accounts, financial records, reports, files, and all other papers, things, 
or property belonging to or in use by the corporations and necessary 
to facilitate the audits shall be made available to the person or persons 
conducting the audits; and full facilities for verifying transactions 
with the balances or securities held by depositories, fiscal agents, and 
custodians shall be afforded to such person or persons. 
^^^°'^ *° ^°"" 
SEC. 3. The report of each such mdependent audit shall be sub-
mitted to the Congress not later than six months following the close of 
the fiscal year for which the audit was made. The report shall set 
forth the scope of the audit and include such statements as are neces-
sary to present fairly the corporation's assets and liabilities, surplus 
or deficit with an analysis of the changes therein during the year, 
supplemented in reasonable detail by a statement of the corporation's 
income and expenses during the year including the results of any 
trading, manufacturing, publishing, or other commercial-type en-
deavor carried on by the corporation, together with the independent 
auditor's opinion of those statements. The report shall not be printed 
as a public document, except as part of proceedings authorized to be 
printed under the Act of March 2, 1931, chapter 378, section 1, as 
77 Stat. 46$. 
amended. 
SEC. 4. The following provisions of law are hereby repealed: 
(1) The words "including a full, complete, and itemized report 
of receipts and expenditures, of whatever kind" contained in 
section 8 of the Act of June 15,1916 (39 Stat. 229; 36 U.S.C. 28); 
(2) The words "including a full, complete, and itemized report 
of receipts and expenditures of whatever kind" contained in sec-
tion 7 of the Act of March 16, 1950 (64 Stat. 24, as amended; 
36 U.S.C. 37); 
(3) The words "including a full and complete report of its 
receipts and expenditures" contained in section 9 of the Act of 
September 16, 1919 (41 Stat. 285; 36 U.S.C. 49); 
(4) The words "including a full and complete report of its 
receipts and expenditures" contained in section 8 of the Act of 
July 5,1935 (49 Stat. 459); 
(5) The words "including the full and complete statement of 
its receipts and expenditures'' contained in section 4 of the Act of 
August 4, 1937 (50 Stat. 559; 36 U.S.C. 58); 
(6) The words "including the full and complete statement of 
its receipts and expenditures" contained in section 5 of the Act 
of March 3,1923 (42 Stat. 1441; 36 U.S.C. 65); 
(7) Section 14 of Public Law 86-47 (73 Stat. 79; 36 U.S.C. 
78m); 
(8) The words "including a full and complete report of its 
receipts and expenditures" contained in section 9 of the Act 
of June 17, 1932 (47 Stat. 321, as amended; 36 U.S.C. 90i); 
(9) The words "including a full and complete report of its 
receipts and expenditures" contained in section 11 of the Act 
of February 24, 1925 (43 Stat. 968; 36 U.S.C. 101); 
Repeals. 
78 STAT. ] 
PUBLIC LAW 88-504-AUG. 30, 1964 
637 
(10) The words "including a full and complete report of its 
receipts and expenditures" and the word "financial" contained in 
section 8 of the Act of May 28, 1936 (49 Stat. 1391; 36 U.S.C. 
118); 
(11) The words "including a full and complete statement of its 
receipts and expenditures" contained in section 4 of the Act of 
June 6,1940 (54 Stat. 233; 36 U.S.C. 140c); 
(12) Section 15 of the Act of June 30, 1950 (64 Stat. 315; 36 
U.S.C. 235); 
(13) Section 14 of the Act of August 30,1950 (64 Stat. 566; 36 
U.S.C. 284); 
(14) The words "including the full and complete statement of 
its receipts and expenditures" contained in section 7 of the Act 
of September 20, 1950 (64 Stat. 869; 36 U.S.C. 317); 
(15) Section 9 of the Act of September 20, 1950 (64 Stat. 872; 
36 U.S.C. 349); 
(16) The words "including the full and complete statement of 
its receipts and expenditures" contained in section 12 of the Act 
of September 21, 1950 (64 Stat. 902; 36 U.S.C. 382); 
(17) Section 16 of the Act of April 3, 1952 (66 Stat. 40; 36 
U.S.C. 416); 
(18) Section 14 of the Act of August 13, 1953 (67 Stat. 565; 
36 U.S.C. 444); 
(19) Section 15 of the Act of August 13,1953 (67 Stat. 573; 36 
U.S.C. 475); 
(20) Section 14 of the Act of July 19, 1954 (68 Stat. 491; 36 
U.S.C. 514); 
(21) Section 15 of the Act of August 20, 1954 (68 Stat. 751 
36 U.S.C. 545) 
(22) Section 14 of the Act of August 24, 1954 (68 Stat. 799 
36 U.S.C. 584) 
(23) Section 
36 U.S.C. 614) 
(24) Section 
36 U.S.C. 644) 
(25) Section 
36 U.S.C. 674) 
(26) Section 14 of the Act of August 6,1956 (70 Stat. 1055; 36 
U.S.C. 704); 
(27) Section 15 of Public Law 85-530 (72 Stat. 374; 36 U.S.C. 
775); 
(28) Section 14 of Public Law 85-642 (72 Stat. 600; 36 U.S.C. 
804); 
(29) Section 14 of Public Law 85-761 (72 Stat. 858; 36 U.S.C. 
834); 
(30) Section 14 of Public Law 85-769 (72 Stat. 926; 36 U.S.C. 
864); 
(31) Section 14 of Public Law 85-870 (72 Stat. 1694; 36 JJ.S.C. 
894); 
(32) Section 13 of Public Law 85-903 (72 Stat. 1741; 36 U.S.C. 
923); 
(33) Section 14 of Public Law 86-653 (74 Stat. 518; 36 U.S.C. 
954) • 
(34) Section 14 of Public Law 86-680 (74 Stat. 576; 36 U.S.C. 
984); 
14 of the Act of August 28, 1954 (68 Stat. 894 
14 of the Act lof August 4, 1955 (69 Stat. 489 
14 of the Act of August 1, 1956 (70 Stat. 796 
638 
PUBLIC LAW 88-505-AUG. 30, 1964 
[78 STAT. 
(35) Section 15 of Public Law 87-650 (76 Stat. 505; 36 l^.S.C. 
1015); 
(36) Section 14 of Public Law 87-655 (76 Stat. 533; 36 U.S.C. 
1054); 
(37) Section 14 of Public Law 87-817 (76 Stat. 933); 
(38) The words "including the full and complete statements 
of its receipts and expenditures'" contained in section 8 of the Act 
of August 25, 1937 (50 Stat. 800). 
Approved August 30, 1964. 
Public Law 88-505 
August 30, 1964 
[H. R. 5543] 
St. EUzabesths 
Hospital, D.C. 
Commitment of 
persons from 
Loudoun County, 
Va. 
D.C. Code 32-
417a. 
D.C. Code 32-
417e. 
AN ACT 
To extend the provisions of the Act of October 11, 1949 (63 Stat. 759, ch. 672; 
32 D.C. Code 417), to authorize the commitment of persons of unsound mind 
found on Federal reservations in Loudoun County, Virginia, to Saint 
Elizabeths Hospital in the District of Columbia. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhlea^ That section 1 of 
the Act of October 11, 1949 (63 Stat. 759; sec. 32-417, D.C. Code), is 
amended to read as follows: "That any United States commissioner 
specially designated for that purpose by the United States District 
Court for the Eastern District of Virginia or by the United States 
District Court for the District of Maryland shall have jurisdiction 
and authority to commit to Saint Elizabeths Hospital in the District 
of Columbia, for observation and diagnosis, any person found in any 
place over which the United States has exclusive or concurrent juris-
diction in Arlington County, Fairfax Countj, Loudoun County, or 
the city of Alexandria, in the State of Virginia, or in Montgomery 
County or in Prince Georges County, in the State of Maryland, who 
is alleged, and is believed by the commissioner, to be of unsound 
mind. 
Any United States commissioner specially designated for 
that purpose by the United States District Court for the District of 
Columbia shall have like jurisdiction and authority in the case of 
any person temporarily detained in Saint Elizabeths Hospital, 
pursuant to section 2 hereof. 
Any such commitment shall be for a 
period not exceeding thirty days and may be made only after a 
hearing before the commissioner upon the testimony under oath of 
at least two witnesses who shall testify as to their belief that the said 
person is of unsound mind and, in addition, upon the testimony 
under oath or affidavit of two physicians, at least one of whom is 
skilled in the treatment and diagnosis of nervous and mental dis-
orders, who shall testify or certify in writing that they have 
examined the said person alleged to be of unsound mind and believe 
said person to be of unsound mind and not fit to remain at liberty 
and go unrestrained, and that such person should be in custody in a 
hospital for the treatment of mental or nervous disorders for his own 
safety and welfare and for the preservation of the peace and good 
order. 
It shall be the duty of the head of the agency of the United 
States in control of the place where such person is apprehended to 
forthwith notify the husband or wife or some near relative or friend 
of the person so apprehended whose address may be known to said 
agency head or whose address can by reasonable inquiry be ascer-
tained by him: Provided 
further^ That in the case of any person 
described in section 6, the agency head shall notify the head of the 
department having jurisdiction over the service to which the 
individual belongs. The agency of the United States in control of