Section text and notes
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 Financial Services 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 Government Accountability Office under such rules and regulations as may be prescribed by the Comptroller General of the United States. The representatives of the Government Accountability 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, § 283104 Stat. 4125 Pub. L. 103–233, title II, § 205108 Stat. 364 Pub. L. 108–271, § 8(b)118 Stat. 814 Pub. L. 119–101, title V, § 501(v)(2)140 Stat. 917 (, , ; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 119–1012026—Subsec. (a). substituted “Committee on Financial Services” for “Committee on Banking, Finance and Urban Affairs”.
Pub. L. 108–2712004—Subsec. (b). substituted “Government Accountability Office” for “General Accounting Office” in two places.
Pub. L. 103–233, § 205(1)1994—, substituted “Audits by Comptroller General” for “Annual audits and accountability” in section catchline.
Pub. L. 103–233, § 205(4)Subsec. (a). , 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, § 205(3)(B), (C), redesignated subsec. (b)(1) as (a) and realigned margins.
Pub. L. 103–233, § 205(2)section 9106 of title 31section 9105(a) of title 31, 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 , 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 .”
Pub. L. 103–233, § 205(3)Audits by the Comptroller GeneralSubsec. (b). , struck out heading “.—”, redesignated subsec. (b)(2) as (b), and realigned margins.
Statutory Notes and Related Subsidiaries
Effective Date of 1994 Amendment
Pub. L. 103–233section 209 of Pub. L. 103–233section 5301 of this titleAmendment by applicable with respect to any amounts made available to carry out this subchapter after , 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 , set out as a note under .