§ 1735f-16. — Annual audited financial statements.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1735f-16]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER V--MISCELLANEOUS
Sec. 1735f-16. Annual audited financial statements
With respect to fiscal year 1989 and for every fiscal year
thereafter, the Secretary shall make available to the public a financial
statement of the insurance funds established under this chapter that
will present their financial condition on a cash and accrual basis,
consistent with generally accepted accounting principles. Each financial
statement shall be audited by an independent accounting firm selected by
the Secretary and the results of such audit shall be made available to
the public.
(June 27, 1934, ch. 847, title V, Sec. 538, as added Pub. L. 101-235,
title I, Sec. 131, Dec. 15, 1989, 103 Stat. 2026.)
Section Referred to in Other Sections
This section is referred to in section 1711 of this title.
