POWERS OF THE BOARD.

SEC. 1524. POWERS OF THE BOARD.(a) In General.—The Board shall conduct audits and reviews of spending of covered funds and coordinate on such activities with the inspectors general of the relevant agency to avoid duplication and overlap of work.(b) Audits and Reviews.—The Board may—(1) conduct its own independent audits and reviews relating to covered funds; and(2) collaborate on audits and reviews relating to covered funds with any inspector general of an agency.(c) Authorities.—(1) Audits and reviews.—In conducting audits and reviews, the Board shall have the authorities provided under section 6 of the Inspector General Act of 1978 (5 U.S.C. App.). Additionally, the Board may issue subpoenas to compel the testimony of persons who are not Federal officers or employees and may enforce such subpoenas in the same manner as provided for inspector general subpoenas under section 6 of the Inspector General Act of 1978 (5 U.S.C. App.).(2) Standards and guidelines.—The Board shall carry out the powers under subsections (a) and (b) in accordance 123 STAT. 292 with section 4(b)(1) of the Inspector General Act of 1978 (5 U.S.C. App.).(d) Public Hearings.—The Board may hold public hearings and Board personnel may conduct necessary inquiries. The head of each agency shall make all officers and employees of that agency available to provide testimony to the Board and Board personnel. The Board may issue subpoenas to compel the testimony of persons who are not Federal officers or employees at such public hearings. Any such subpoenas may be enforced in the same manner as provided for inspector general subpoenas under section 6 of the Inspector General Act of 1978 (5 U.S.C. App.).(e) Contracts.—The Board may enter into contracts to enable the Board to discharge its duties under this subtitle, including contracts and other arrangements for audits, studies, analyses, and other services with public agencies and with private persons, and make such payments as may be necessary to carry out the duties of the Board.(f) Transfer of Funds.—The Board may transfer funds appropriated to the Board for expenses to support administrative support services and audits, reviews, or other activities related to oversight by the Board of covered funds to any office of inspector general, the Office of Management and Budget, the General Services Administration, and the Panel.