
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC12833]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 130--NATIONAL AFFORDABLE HOUSING
 
             SUBCHAPTER II--INVESTMENT IN AFFORDABLE HOUSING
 
                       Part F--General Provisions
 
Sec. 12833. Audits by Comptroller General


(a) Audits of HOME Investment Partnerships program

    The Comptroller General, when the Comptroller General deems it to be 
appropriate or when requested by the Committee on Banking, Housing, and 
Urban Affairs of the Senate or the Committee on Banking, Finance and 
Urban Affairs of the House of Representatives, shall conduct a full 
financial audit of the records of the HOME Investment Partnerships 
program for any fiscal year. The report of the Comptroller General shall 
be submitted promptly to the Secretary and the Congress and shall be 
published.

(b) Audits of recipients

    The financial transactions of participating jurisdictions and of 
other recipients of funds provided under this subchapter may, insofar as 
they relate to funds provided under this subchapter, be audited by the 
General Accounting Office under such rules and regulations as may be 
prescribed by the Comptroller General of the United States. The 
representatives of the General Accounting Office shall have access to 
all books, accounts, records, reports, files, and other papers, things, 
or property belonging to or in use by such recipients pertaining to such 
financial transactions and necessary to facilitate the audit.

(Pub. L. 101-625, title II, Sec. 283, Nov. 28, 1990, 104 Stat. 4125; 
Pub. L. 103-233, title II, Sec. 205, Apr. 11, 1994, 108 Stat. 364.)


                               Amendments

    1994--Pub. L. 103-233, Sec. 205(1), substituted ``Audits by 
Comptroller General'' for ``Annual audits and accountability'' in 
section catchline.
    Subsec. (a). Pub. L. 103-233, Sec. 205(4), struck out after first 
sentence ``The initiation of an audit for a fiscal year under the 
previous sentence shall obviate the requirement for an audit by an 
independent accounting firm under paragraph (a) for that fiscal year.''
    Pub. L. 103-233, Sec. 205(3)(B), (C), redesignated subsec. (b)(1) as 
(a) and realigned margins.
    Pub. L. 103-233, Sec. 205(2), struck out heading and text of subsec. 
(a). Text read as follows: ``The Secretary, except as provided in 
paragraph (b)(1), shall contract annually with an independent accounting 
firm to provide for a full financial audit of the records of the HOME 
Investment Partnerships program for each fiscal year. Funds available 
for departmental administration may be used to provide for such audits. 
Each audit shall be performed as soon as practicable after the close of 
the fiscal year and in accordance with generally accepted Government 
auditing standards approved by the Comptroller General of the United 
States (hereinafter referred to as the `Comptroller General'), and shall 
be consistent with the requirements of sections 9105 and 9106 of title 
31. The Secretary shall promptly submit the report of the independent 
accounting firm to the Congress, consistent with the requirements of 
section 9106 of title 31, and such report shall be published. The 
requirement for an audit under this section shall be in lieu of the 
requirement for an audit by the Comptroller General under section 
9105(a) of title 31.''
    Subsec. (b). Pub. L. 103-233, Sec. 205(3), struck out heading 
``Audits by the Comptroller General.--'', redesignated subsec. (b)(2) as 
(b), and realigned margins.

                         Change of Name

    Committee on Banking, Finance and Urban Affairs of House of 
Representatives treated as referring to Committee on Banking and 
Financial Services of House of Representatives by section 1(a) of Pub. 
L. 104-14, set out as a note preceding section 21 of Title 2, The 
Congress.


                    Effective Date of 1994 Amendment

    Amendment by Pub. L. 103-233 applicable with respect to any amounts 
made available to carry out this subchapter after Apr. 11, 1994, and any 
amounts made available to carry out this subchapter before that date 
that remain uncommitted on that date, with Secretary to issue any 
regulations necessary to carry out such amendment not later than end of 
45-day period beginning on that date, see section 209 of Pub. L. 103-
233, set out as a note under section 5301 of this title.
