Sec. 908. report to congress and records
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/statute-compilations/comps-10381/sec-908A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 908 report to congress and records **[**[42 U.S.C. 3938](/us/usc/t42/s3938)**]** ###
(a)####
(1)The corporation shall submit an annual report to the President for transmittal to the Congress within six months after the end of its fiscal year. The report shall include a comprehensive and detailed report of the operations, activities, and financial condition of the corporation and the partnership under this title. ####
(2)The report shall contain a description of the activities undertaken under section 906(a)(4), and shall specify, as a percentage of equity and in dollars, the extent of the corporation's and the partnership's investment in housing for the benefit of families and individuals of low or moderate income, the extent of the corporation's and the partnership's investment in other housing, and the extent of the corporation's and the partnership's activities which are undertaken under section 906(a)(4). ###
(b)The accounts of the corporation and of the partnership shall be audited annually in accordance with generally accepted auditing standards 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.
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Sec. 908
report to congress and records
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