2016 US Code
Title 42 - The Public Health and Welfare
Chapter 8 - Low-Income Housing
Subchapter I - General Program of Assisted Housing
Sec. 1437h - Implementation of provisions by Secretary
| 42 U.S.C. § 1437h (2016) |
| §1437h. Implementation of provisions by Secretary |
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(a) Preparation and submission of annual budget program; maintenance of accounts; audit by Government Accountability Office
In the performance of, and with respect to, the functions, powers, and duties vested in him by this chapter, the Secretary, notwithstanding the provisions of any other law, shall— (1) prepare annually and submit a budget program as provided for wholly owned Government corporations by chapter 91 of title 31; and (2) maintain an integral set of accounts which may be audited by the Government Accountability Office as provided by chapter 91 of title 31. All receipts and assets of the Secretary under this chapter shall be available for the purposes of this chapter until expended. (c) Federal Reserve banks to act as depositories, custodians and fiscal agents; reimbursement for servicesThe Federal Reserve banks are authorized and directed to act as depositories, custodians, and fiscal agents for the Secretary in the general exercise of his powers under this chapter, and the Secretary may reimburse any such bank for its services in such manner as may be agreed upon. |
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(Sept. 1, 1937, ch. 896, title I, §10, as added Pub. L. 93–383, title II, §201(a), Aug. 22, 1974, 88 Stat. 666; amended Pub. L. 98–479, title II, §203(b)(2), Oct. 17, 1984, 98 Stat. 2229; renumbered title I, Pub. L. 100–358, §5, June 29, 1988, 102 Stat. 681; Pub. L. 104–316, title I, §122(k), Oct. 19, 1996, 110 Stat. 3837; Pub. L. 108–271, §8(b), July 7, 2004, 118 Stat. 814.) |
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PRIOR PROVISIONS
A prior section 10 of act Sept. 1, 1937, ch. 896, 50 Stat. 891, as amended, authorized annual contributions in assistance of low rentals for housing projects and was classified to section 1410 of this title, prior to the general revision of this chapter by Pub. L. 93–383. Similar provisions are contained in section 1437c of this title. AMENDMENTS2004—Subsec. (a)(2). Pub. L. 108–271 substituted "Government Accountability Office" for "General Accounting Office". 1996—Subsec. (a)(2). Pub. L. 104–316 substituted "maintain an integral set of accounts which may be audited by the General Accounting Office as provided by chapter 91 of title 31." for "maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by chapter 91 of title 31, and no other audit shall be required." 1984—Subsec. (a)(1), (2). Pub. L. 98–479 substituted "chapter 91 of title 31" for "the Government Corporations Control Act, as amended". |
| United States Code, 2012 Edition, Supplement 4, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 8 - LOW-INCOME HOUSING SUBCHAPTER I - GENERAL PROGRAM OF ASSISTED HOUSING Sec. 1437h - Implementation of provisions by Secretary |
| section 1437h |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 50 Stat. 891 88 Stat. 666 98 Stat. 2229 102 Stat. 681 110 Stat. 3837 118 Stat. 814 |
| Public Law 93-383, Public Law 98-479, Public Law 100-358, Public Law 104-316, Public Law 108-271 |
