From
the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 6, 1999]
[Document not affected by Public Laws enacted between
January 6, 1999 and October 26, 2000]
[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. 283. Audits by Comptroller General
- 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.
- 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.
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