38 U.S.C. § 7366
Section 7366 · Accountability and oversight
Current version, with additions and removals from the December 6, 2003 version.
(a)(1)(A) The records of a corporation established under this subchapter shall be available to the Secretary.
(a)(1)(A) The records of a corporation established under this subchapter shall be available to the Secretary.
(2) Such a corporation shall be considered an agency for the purposes of section 716 of title 31 (relating to availability of information and inspection of records by the Comptroller General).
(2) Such a corporation shall be considered an agency for the purposes of section 716 of title 31 (relating to availability of information and inspection of records by the Comptroller General).
(c)(1) Each member of the board of directors of a corporation established under this subchapter, each employee of such a corporation, and each employee of the Department who is involved in the functions of the corporation during any year shall be subject to Federal laws and regulations applicable to Federal employees with respect to conflicts of interest in the performance of official functions.
(2) Each corporation established under this subchapter shall each year submit to the Secretary a statement signed by the executive director of the corporation verifying that each director and employee has certified awareness of the laws and regulations referred to in paragraph (1) and of the consequences of violations of those laws and regulations in the same manner as Federal employees are required to so certify.
(2)(A) A corporation with revenues in excess of $500,000 for any year shall obtain an audit of the corporation for that year.
(B) A corporation with annual revenues between $100,000 and $500,000 shall obtain an audit of the corporation at least once every three years.
(C) Any audit under this paragraph shall be performed by an independent auditor.
(3) The corporation shall include in each report to the Secretary under paragraph (1) the following:
(A) The most recent audit of the corporation under paragraph (2).
(B) The most recent Internal Revenue Service Form 990 "Return of Organization Exempt from Income Tax" or equivalent and the applicable schedules under such form.
(c) Each director, officer, and employee of a corporation established under this subchapter shall be subject to a conflict of interest policy adopted by that corporation.
(d) The Secretary shall submit to the Committees on Veterans’ Affairs of the Senate and House of Representatives an annual report on the corporations established under this subchapter. The report shall set forth the following information:
(d) The Secretary shall submit to the Committees on Veterans' Affairs of the Senate and House of Representatives an annual report on the corporations established under this subchapter. The report shall set forth the following information:
(1) The location of each corporation.
(1) The location of each corporation.
(2) The amount received by each corporation during the previous year, including—
(2) The amount received by each corporation during the previous year, including—
(A) the total amount received;
(A) the total amount received;
(B) the amount received from governmental entities for research and the amount received from governmental entities for education;
(B) the amount received from governmental entities for research and the amount received from governmental entities for education;
(C) the amount received from all other sources for research and the amount received from all other sources for education; and
(C) the amount received from all other sources for research and the amount received from all other sources for education; and
(D) if an amount received from a source referred to in subparagraph (C) exceeded $25,000, information that identifies the source.
(D) if an amount received from a source referred to in subparagraph (C) exceeded $25,000, information that identifies the source.
(3) The amount expended by each corporation during the year, including—
(3) The amount expended by each corporation during the year, including—
(A) the amount expended for salary for research staff, the amount expended for salary for education staff, and the amount expended for salary for support staff;
(A) the amount expended for salary for research staff, the amount expended for salary for education staff, and the amount expended for salary for support staff;
(B) the amount expended for direct support of research and the amount expended for direct support of education; and
(B) the amount expended for direct support of research and the amount expended for direct support of education; and
(4) The amount expended by each corporation during the year for travel conducted in conjunction with research and the amount expended for travel in conjunction with education.
(4) The amount expended by each corporation during the year for travel conducted in conjunction with research and the amount expended for travel in conjunction with education.