Congressional Award Act Amendments of 1992

[AI summary unavailable — showing source text] Congressional Award Act Amendments of 1992 - Amends the Congressional Award Act to require the Director of the Congressional Award Board to ensure that: (1) appropriate procedures for fiscal control and fund accounting are established for the financial operations of the Congressional Award Program; and (2) such operations are administered by personnel with expertise in accounting and financial management. Authorizes the personnel to be retained under contract. Requires the Director to ensure that the Board's liabilities do not exceed its assets for any calendar year. Directs the Comptroller General to: (1) determine if the Director has substantially complied with this Act for calendar years 1993 and 1994; and (2) submit such findings in the annual report to the Congress on audit results for calendar year 1995. Requires the Board to take such necessary actions for the orderly cessation of the Board's activities if the Director fails to substantially comply with this Act. Extends the Board through October 1, 1995.…