Page:United States Statutes at Large Volume 103 Part 1.djvu/415

 / PUBLIC LAW 101-73 —AUG. 9, 1989 103 STAT. 387 poration's obligation to make such agreements publicly available pursuant to paragraph (2). " (B) PRIOR TRANSACTIONS.— The Corporation shall submit a report to the Oversight Board and the Congress contain- ) ing the results and conclusions of the review of the 1988 transactions conducted pursuant to subsection (b)(UXB) and such recommendations for legislative action as the Corpora- tion may determine to be appropriate. " (4) ANNUAL REPORTS.— "(A) IN GENERAL.— The Oversight Board and the Corpora- tion shall annually submit a full report of their respective operations, activities, budgets, receipts, and expenditures for the preceding 12-month period. "(B) CONTENTS.— The report required under subpara- graph (A) shall include— "(i) audited statements and such information as is necessary to make known the financial condition and operations of the Corporation in accordance with gen- erally accepted accounting principles; "(ii) the Corporation's financial operating plans and forecasts (including budgets, estimates of actual and future spending, and estimates of actual and future cash obligations) taking into account the Corporation's financial commitments, guarantees, and other contin- gent liabilities; "(iii) the number of minority and women investors participating in the bidding process for assisted acquisi- tions and the disposition of assets and the number of successful bids by such investors; and "(iv) a list of the properties sold to State housing finance authorities (as such term is defined in section 1301 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989), the individual purchase prices of such properties, and an estimate of the pre- mium paid by such authorities for such properties. "(C) SUBMISSION TO CONGRESS AND THE PRESIDENT. —The Corporation shall submit each annual report required under this subsection to the Congress and the President as soon as practicable after the end of the calendar year for which such report is made but not later than June 30 of the year following such calendar year. "(5) ADDITIONAL REPORTS.— "(A) REPORTS REQUIRED. — In addition to the annual report required under paragraph (4), the Oversight Board and the (Corporation shall submit to Congress not later than April 30 and October 31 of each calendar year, a semiannual report on the activities and efforts of the (Corporation, the Federal Deposit Insurance Corporation, and the Oversight Board for the 6-month period ending on the last day of the month prior to the month in which such report is required to be submitted. "(B) (DONTENTS OF REPORT. —Each semiannual report re- quired under subparagraph (A) shall include the following information with respect to the (Corporation's assets and ~^,^. liabilities and to the assets and liabilities of institutions described in subsection (b)(3)(A):

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