The text of the bill below is as of Jan 4, 1975 (Passed Congress).
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. TECHNICAL A M E N D M E N T 42 u s e 300e-4. 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. I n 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 AN ACT [S.3548] To establish the Harry S Truman memorial scholarships, and for other purposes. Be it enacted hy the Senate and House of Representatives of the Harry S Truman United States of America in Congress assembled, That this Act may Memorial Scholar- ship Act. be cited as the "Harry S Truman Memorial Scholarship Act". 20 u s e 2001 note. S T A T E M E N T OF F I N D I N G S 20 u s e 2001. 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. DEFINITIONS 20 u s e 2002. 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 H a r r y S Truman Scholarship Foundation; (3) "fund" means the H a r r y 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; 20 u s e 1141. (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 H a r r y S Truman Scholarship Program as authorized 20 u s e 2003. by this Act shall be the sole Federal memorial to President H a r r y S Truman. E S T A B L I S H M E N T OF T H E H A R R Y S T R U M A N S C H O L A R S H I P PROGRAM SEC. 5. (a) There is established, as an independent establishment of Establishment. 20 u s e 2004. the executive branch of the United States Government, the H a r r y S Truman Scholarship Foundation. (b) (1) The Foundation shall be subject to the supervision and Membership. 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 Term. 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 Compensation, entitled to reimbursement for travel, subsistence, and other necessary expenses incurred in the performance of their duties. 38-194 O - 76 - 61 Pt. 2
2278 PUBLIC LAW 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 T R U M A N 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 Establishment. 20 u s e 2009. States a trust fund to be known as the H a r r y S Truman Memorial Scholarship Trust Fund. The fund shall consist of amounts appro- priated to it by section 14 of this act. (b) I t 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, 31 u s e 774. 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 20 u s e 2010. 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 GAO audit. 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.
2280 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 Code. note. ADMINISTRATIVE PROVISIONS 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; Contract au' (6) enter into contracts, grants, or other arrangements, or thority. 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.