123STA T . 1 5 2 0PUBLIC LA W 111 – 13 — AP R .21 , 200 9‘ ‘ (B)CONTE NT S.—Toensur e th e av a il a b ilit y o f a d e q uate funds to su p port the a w ards of approved national servi c e positions , approved su m mer of service positions, and approved silver scholar positions, for each fiscal year, the Corporation shall place in the account— ‘‘(i) durin g fiscal year 201 0, a portion of the funds that were appropriated for fiscal year 2010 or a pre - vious fiscal year under section 5 01 of this A ct or section 501 of the D omestic V olunteer S ervice Act of 1 973 ( 4 2 U .S.C. 50 8 1), were made available to carry out subtitle C, D, or E of this title, section 198B or 198C(a), subtitle A of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in section 119(c)(8), and remain available
and ‘‘(ii) during fiscal year 2011 or a subsequent fiscal year, a portion of the funds that were appropriated for that fiscal year under section 501 of this Act or section 501 of the Domestic Volunteer Service Act of 1973 (42 U.S.C. 5081), were made available to carry out subtitle C, D, or E of this title, section 198B or 198C(a), subtitle A of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in section 119(c)(8), and remain available. ‘‘(2) OBLIGA TION.—The Corporation shall not obligate the funds in the reserve account until the Corporation— ‘‘(A) determines that the funds will not be needed for the payment of national service educational awards associated with previously approved national service posi- tions, summer of service educational awards associated with previously approved summer of service positions, and silver scholar educational awards associated with pre- viously approved silver scholar positions; or ‘‘(B) obligates the funds for the payment of national service educational awards for such previously approved national service positions, summer of service educational awards for such previously approved summer of service positions, or silver scholar educational awards for such previously approved silver scholar positions, as applicable. ‘‘(c) A UD ITS.—The accounts of the Corporation relating to the appropriated funds for approved national service positions, approved summer of service positions, and approved silver scholar positions, and the records demonstrating the manner in which the Corporation has recorded estimates described in subsection (a)(1)(B) as obliga- tions, shall be audited annually 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 in accordance with generally accepted auditing standards. A report containing the results of each such independent audit shall be included in the annual report required by subsection (a)(3). ‘‘(d) A V AILABILIT Y O F A M OUNTS.—E x cept as provided in sub- section (b), all amounts included in the N ational Service Trust under paragraphs (1), (2), and (3) of section 145(a) shall be available for payments of national service educational awards, summer of service educational awards, or silver scholar educational awards under section 148. ’ ’. Reports.
