§ 8106. Reports and audits
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/usc/title-42/section-8106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Annual report to President and Congress The corporation shall publish an annual report which shall be transmitted by the corporation to the President and the Congress.
(b)Annual audit of accounts The accounts of the corporation shall be audited annually. Such audits shall be conducted in accordance with generally accepted auditing standards by independent certified public accountants who are certified by a regulatory authority of the jurisdiction in which the audit is undertaken.
(c)Additional audits by Government Accountability Office In addition to the annual audit, the financial transactions of the corporation for any fiscal year during which Federal funds are available to finance any portion of its operations may be audited by the Government Accountability Office in accordance with such rules and regulations as may be prescribed by the Comptroller General of the United States.
(d)Audit of grantees and contractors of corporation For any fiscal year during which Federal funds are available to finance any portion of the corporation’s grants or contracts, the Government Accountability Office, in accordance with such rules and regulations as may be prescribed by the Comptroller General of the United States, may audit the grantees or contractors of the corporation.
(e)Annual financial audit The corporation shall conduct or require each grantee or contractor to provide for an annual financial audit. The report of each such audit shall be maintained for a period of at least five years at the principal office of the corporation.
(Pub. L. 95–557, title VI, § 607, Oct. 31, 1978, 92 Stat. 2118; Pub. L. 104–66, title II, § 2161, Dec. 21, 1995, 109 Stat. 731; Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)
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Cited by 9 sections
U.S. Code
statutes-at-large
- Public Law 106–569To expand homeownership in the United States, and for other purposes
- Public Law 96–399To amend and extend certain Federal laws relating to housing, community and neighborhood development and preservation, and related programs, and for other purposes
- Public Law 95–557Oct. 31, 1978[[S. 3084](/us/bill/95/s/3084)]To amend and extend certain Federal laws relating to housing, community, and neighborhood development and preservation, and related programs, and for other purposes. *Be it enacted by the Senate and House of Representatives of the United States of America
statute-compilations
10 references not yet in our index
- Pub. L. 95–557, title VI, § 607
- 92 Stat. 2118
- Pub. L. 104–66, title II, § 2161
- 109 Stat. 731
- Pub. L. 108–271, § 8(b)
- 118 Stat. 814
- Pub. L. 108–271
- Pub. L. 104–66
- Pub. L. 96–399, title III, § 316
- 94 Stat. 1645
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§ 8106
Reports and audits
Bills×4
Stat.×3
Stat. Comp.×1
U.S.C.×1
Pub. L.Pub. L. 95–557, title VI, § 607
Stat.92 Stat. 2118
Pub. L.Pub. L. 104–66, title II, § 2161
Stat.109 Stat. 731
Pub. L.Pub. L. 108–271, § 8(b)
Cites 10 · showing 5Cited by 9 across 4 sources