12 U.S.C. § 1735f–16 — Annual audited financial statements

FEDERAL · 12 U.S.C. · Chapter 13

Annual audited financial statements

12 U.S.C. § 1735f–16

Chapter13 — NATIONAL HOUSING

SubchapterV

Current throughPub. L. 119-99

This text of 12 U.S.C. § 1735f–16 (Annual audited financial statements) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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12 U.S.C. § 1735f–16.

Text

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.

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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.

Source Credit

History

(June 27, 1934, ch. 847, title V, §538, as added Pub. L. 101–235, title I, §131, Dec. 15, 1989, 103 Stat. 2026.)

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12 U.S.C. § 1735f–16, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1735f–16.