PUBLIC LAW 102-457—OCT. 23, 1992 106 STAT. 2265 Public Law 102-457 102d Congress An Act To amend the Congressional Award Act to revise and extend authorities for the Oct. 28, 1992 Congressional Award Board. [H.R. 6049] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, CongresBional Award Act SECTION 1. SHORT TITLE. ^SSSTM®°** of 1992. This Act may be cited as the "Congressional Award Act Amend- 2 USC 801 mentsofl992.
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SEC. 2. REQUIREMENTS REGARDING FINANCIAL OPERATIONS OF CONGRESSIONAL AWARD PROGRAM; NONCOMPLIANCE WITH REQUIREMENTS. Section 5 of the Congressional Award Act (2 U.S.C. 804) is amended by adding at the end the following subsection: "(c)(1) The Director shall, in consultation with the Board, ensure that appropriate procedures for fiscal control and fund accounting are established for the financial operations of the Congressional Award Program, and that such operations are administered by personnel with expertise in accounting and financial management. Such personnel may be retained under contract. In carrying out this paragraph, the Director shall ensure that the liabilities of the Board do not, for any calendar year, exceed the assets of the Board. •*(2)(A) The Comptroller General of the United States shall Reports, determine, for calendar years 1993 and 1994, whether the Director h£U3 substantially complied with paragraph (1). The findings made by the Comptroller General under the preceding sentence shall be included in the first report submitted under section 8(b) after December 31, 1994.
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