
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC3938]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 49--NATIONAL HOUSING PARTNERSHIPS
 
Sec. 3938. Annual report of corporation; audit of accounts

    (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 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, Sec. 908, Aug. 1, 1968, 82 Stat. 550; Pub. L. 
98-479, title I, Sec. 104(c)(3), Oct. 17, 1984, 98 Stat. 2225.)


                               Amendments

    1984--Subsec. (a). Pub. L. 98-479 designated existing provisions as 
par. (1) and added par. (2).
