§ 3938. Annual report of corporation; audit of accounts

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(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 chapter.

(2)The report shall contain a description of the activities undertaken under section 3936(a)(4) of this title, 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 3936(a)(4) of this title.

(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.

(Pub. L. 90–448, title IX, § 908, Aug. 1, 1968, 82 Stat. 550; Pub. L. 98–479, title I, § 104(c)(3), Oct. 17, 1984, 98 Stat. 2225.)

Connections2 cite this · traces to 2

Cited by 2 sections

statutes-at-large

Public Law 98–479
To make technical and conforming amendments in certain laws relating to housing and community development

statute-compilations

Sec. 908
report to congress and records

Traces to 2 documents

U.S. Code

6 references not yet in our index

Pub. L. 90–448, title IX, § 908
82 Stat. 550
Pub. L. 98–479, title I, § 104(c)(3)
98 Stat. 2225
Pub. L. 98–479
section 3003 of Pub. L. 104–66

Citation graph

cites case law

§ 3938

Annual report of corporation; audit of accounts

Stat. Comp.×1

Stat.×1

U.S.C.§ 3936

U.S.C.§ 1113

Pub. L.Pub. L. 90–448, title IX, § 908

Stat.82 Stat. 550

Pub. L.Pub. L. 98–479, title I, § 104(c)(3)

Stat.98 Stat. 2225

Pub. L.Pub. L. 98–479

Cites 8 · showing 7Cited by 2 across 2 sources