§ 3025. — Examination and audit.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC3025]
TITLE 12--BANKS AND BANKING
CHAPTER 31--NATIONAL CONSUMER COOPERATIVE BANK
SUBCHAPTER I--ESTABLISHMENT AND OPERATION
Sec. 3025. Examination and audit
The Farm Credit Administration and the General Accounting Office are
hereby authorized and directed to examine and audit the Bank. Reports
regarding such examinations and audits shall be promptly forwarded to
both Houses of the Congress. The Bank shall reimburse the Farm Credit
Administration for the costs of any examination or audit conducted by
the Farm Credit Administration.
(Pub. L. 95-351, title I, Sec. 115, Aug. 20, 1978, 92 Stat. 511; Pub. L.
97-35, title III, Sec. 394(a)(1), Aug. 13, 1981, 95 Stat. 436.)
Amendments
1981--Pub. L. 97-35 substituted provisions relating to examination
and audit by the Farm Credit Administration and the General Accounting
Office, for provisions relating to annual examinations and audits by an
agency or instrumentality of the Federal Government designated by the
President.
Effective Date of 1981 Amendment
Section 394(a)(2) of Pub. L. 97-35 provided that: ``The amendment
made by paragraph (1) [amending this section] shall take effect on the
day after the Final Government Equity Redemption Date [Dec. 31, 1981].''
For definition of ``Final Government Equity Redemption Date'', see
section 396(a) of Pub. L. 97-35, set out as a note under section 3012 of
this title.
