Sec. 433. GAO audit of airport financial reporting program
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/bill/118/hr/3935/eh/section-433·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall complete an audit of the airport financial reporting program of the Federal Aviation Administration and provide recommendations to the Administrator of the Federal Aviation Administration on improvements to such program. In conducting the audit required under subsection (a), the Comptroller General shall, at a minimum— review relevant Administration guidance to airports, including the version of Advisory Circular 150/5100–19, titled Operating and Financial Summary , that is in effect on the date of enactment of this Act; evaluate the information requested or required by the Administrator from airports for completeness and usefulness by the Administration and the public; assess the costs associated with collecting, reporting, and maintaining such information for airports and the Administration; determine if such information provided is— updated on a regular basis to make such information useful; and audited and verified in an appropriate manner; assess if the Administration has addressed the issues the Administration discovered during the apportionment and disbursement of relief funds to airports under the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) using inaccurate and aged airport financial data; and determine whether the airport financial reporting program as structured as of the date of enactment provides value to the Administration, the aviation industry, or the public.
Not later than 3 months after the completion of the audit required under subsection (a), the Comptroller General shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report containing the findings of such audit and any recommendations provided to the Administrator to improve or alter the airport financial reporting program.
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Sec. 433
GAO audit of airport financial reporting program
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