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 <title>American Battle Monuments Commission</title>
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<abstract>Pursuant to a legislative requirement, GAO audited the American Battle
Monuments Commission&apos;s use of coin surcharge proceeds.&lt;p/&gt;GAO found that: (1) between May 1993 and September 1993, the Commission
received $3,447,088 in coin surcharge proceeds from the U.S. Treasury;
(2) the proceeds were initially deposited in a Treasury Fund as required
by the World War II Memorial Authorization Act; and (3) as of September
1993, the Commission had not spent any of the proceeds for the design
and construction of a memorial, had cash reserves totalling $84,987 to
meet possible expenses, and had invested all of the remaining proceeds
in U.S. interest bearing obligations.</abstract>
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