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.
section 3936(a)(4) of this titlesection 3936(a)(4) of this title The report shall contain a description of the activities undertaken under , 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 .
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, § 90882 Stat. 550Pub. L. 98–479, title I, § 104(c)(3)98 Stat. 2225(, , ; , , .)
Editorial Notes
Amendments
Pub. L. 98–4791984—Subsec. (a). designated existing provisions as par. (1) and added par. (2).
Statutory Notes and Related Subsidiaries
Termination of Reporting Requirements
section 3003 of Pub. L. 104–66section 1113 of Title 31For termination, effective , of provisions in subsec. (a) of this section relating to transmittal of annual report to Congress, see , as amended, set out as a note under , Money and Finance, and item 2 on page 182 of House Document No. 103–7.