42 U.S.C. § 12606 | Approval process for approved positions

(a)

Timing and recording requirements

(1)

In general

Notwithstanding divisions C, D, and H, and any other provision of law, in approving a position as an approved national service position, an approved summer of service position, or an approved silver scholar position, the Corporation—

(A)

shall approve the position at the time the Corporation—

(i)

42 U.S.C. 4951 section 12563(c)(8) of this title section 12653c(a) of this title enters into an enforceable agreement with an individual participant to serve in a program carried out under division E of this subchapter, section 12653b or 12653c(a) of this title, or under title I of the Domestic Volunteer Service Act of 1973 ( et seq.), a summer of service program described in , or a silver scholarship program described in ; or

(ii)

section 12573 of this title except as provided in clause (i), awards a grant to (or enters into a contract or cooperative agreement with) an entity to carry out a program for which such a position is approved under ; and

(B)

shall record as an obligation an estimate of the net present value of the national service educational award, summer of service educational award, or silver scholar educational award associated with the position, based on a formula that takes into consideration historical rates of enrollment in such a program, and of earning and using national service educational awards, summer of service educational awards, or silver scholar educational awards, as appropriate, for such a program and remain available.

(2)

Formula

In determining the formula described in paragraph (1)(B), the Corporation shall consult with the Director of the Congressional Budget Office.

(3)

Certification report

The Chief Executive Officer of the Corporation shall annually prepare and submit to the authorizing committees a report that contains a certification that the Corporation is in compliance with the requirements of paragraph (1).

(4)

Approval

The requirements of this subsection shall apply to each approved national service position, approved summer of service position, or approved silver scholarship position that the Corporation approves—

(A)

during fiscal year 2010; and

(B)

during any subsequent fiscal year.

(b)

Reserve account

(1)

Establishment and contents

(A)

Establishment

section 12601 of this titleNotwithstanding divisions C, D, and H, and any other provision of law, within the National Service Trust established under , the Corporation shall establish a reserve account.

(B)

To ensure the availability of adequate funds to support the awards of approved national service positions, approved summer of service positions, and approved silver scholar positions, for each fiscal year, the Corporation shall place in the account—

(i)

section 12681 of this title 42 U.S.C. 5081 1

1 See References in Text note below.

section 12563(c)(8) of this title during fiscal year 2010, a portion of the funds that were appropriated for fiscal year 2010 or a previous fiscal year under or section 501 of the Domestic Volunteer Service Act of 1973 (), were made available to carry out division C, D, or E of this subchapter, section 12653b or 12653c(a) of this title, subtitle A  of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in , and remain available; and

(ii)

section 12681 of this title 42 U.S.C. 5081¹section 12563(c)(8) of this title during fiscal year 2011 or a subsequent fiscal year, a portion of the funds that were appropriated for that fiscal year under or section 501 of the Domestic Volunteer Service Act of 1973 (), were made available to carry out division C, D, or E of this subchapter, section 12653b or 12653c(a) of this title, subtitle A  of title I of the Domestic Volunteer Service Act of 1973, or summer of service programs described in , and remain available.

(2)

Obligation

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 positions, summer of service educational awards associated with previously approved summer of service positions, and silver scholar educational awards associated with previously 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)

Audits

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 obligations, 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)

Availability of amounts

section 12601(a) of this title section 12604 of this titleExcept as provided in subsection (b), all amounts included in the National Service Trust under paragraphs (1), (2), and (3) of shall be available for payments of national service educational awards, summer of service educational awards, or silver scholar educational awards under .

Pub. L. 101–610, title I, § 149 Pub. L. 111–13, title I, § 1406(a)Apr. 21, 2009123 Stat. 1519(, as added , , .)

Editorial Notes

References in Text

Pub. L. 93–113Oct. 1, 197387 Stat. 394 section 4950 of this titleThe Domestic Volunteer Service Act of 1973, referred to in subsecs. (a)(1)(A)(i) and (b)(1)(B)(i), (ii), is , , . Title I of the Act is classified generally to subchapter I (§ 4951 et seq.) of chapter 66 of this title. Reference to subtitle A of title I of the Act probably means part A of title I of the Act, which is classified generally to part A (§ 4951 et seq.) of subchapter I of chapter 66 of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Prior Provisions

section 149 of Pub. L. 101–610 section 12579 of this title Pub. L. 101–610 Pub. L. 103–82, § 102(a)A prior was classified to prior to the general amendment of subtitle D of title I of (former part D of this subchapter) by .

Statutory Notes and Related Subsidiaries

Effective Date

Oct. 1, 2009section 6101(a) of Pub. L. 111–13 section 4950 of this titleSection effective , see , set out as an Effective Date of 2009 Amendment note under .