Page:United States Statutes at Large Volume 88 Part 2.djvu/647

 88 STAT. ]

PUBLIC LAW 93-604-JAN. 2, 1975

1963

(d) The first sentence of section 203 of such Act (31 U.S.C. 858) is amended to read as follows: "A report of each audit conducted under section 202 shall be made by the Comptroller General to the Congress not later than six and one-half months following the close of the last year covered by such audit.".

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AMENDMENTS TO THE FEDERAL DEPOSIT INSURANCE ACT

SEC. 602. (a) Section 17(b) of the Federal Deposit Insurance Act (12 U.S.C. 1827(b)) is amended by adding thereto the following sentence: "The Corporation shall be audited at least once in every three years.". (b) The first and second sentences of section 17(c) of such Act (12 (,f^^P°3y° U.S.C. 1827(c)) are deleted and the following is inserted in their °"^'"^^^place: "A report of each audit conducted under subsection (b) of this section shall be made by the Comptroller General to the Congress not later than six and one-half months following the close of the last year covered by such audit.". AMENDMENT TO FEDERAL CROP INSURANCE ACT

SEC. 603. Section 513 of the Federal Crop Insurance Act (52 Stat. ge^rJ'ta'rVof 76; 7 U.S.C. 1513) is amended to read as follows: "The Corporation Ag^cJiture. shall at all times maintain complete and accurate books of accounts and shall file annually with the Secretary of Agriculture a complete report as to the business of the Corporation.". AMENDMENTS TO THE H O U S I N G AND URBAN DEVELOPMENT ACT OF

1968

SEC. 604. Section 107(g) of the Housing and Urban Development Act of 1968 (12 U.S.C. I701y(g)) is amended by: (1) adding a new sentence at the end of subparagraph (1) thereof as follows: "Such audit shall be made at least once in every three years.". (2) substituting the following sentence in lieu of the first sen- C(fng^es's!° fence in subparagraph (2) thereof: "A report of each such audit shall be made by the Comptroller General to the Congress not later than six and one-half months following the close of the last year covered by such audit.". AMENDMENT TO DISTRICT OF COLUMBIA REDEVELOPMENT ACT OF 1945

SEC. 605. Section 17 of the District of Columbia Redevelopment Act of 1945 (60 Stat. 801) is amended by deleting the word "annual" ^^D-C code sfrom the clause "such books shall be subject to annual audit by the 716. General Accounting Office.". TITLE VII — R E VI S I O N O F ANNUAL A U D I T REQUIREMENTS AMENDMENT TO FEDERAL PROPERTY AND ADMINISTRATIVE ACT OF 1949

SERVICES

SEC. 701. Section 109(e) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 756(e)) is amended to read as follows: "(e)(1) As of June 30 of each year, there shall be covered into the United States Treasury as miscellaneous receipts any surplus in the General Supply Fund, all assets, liabilities, and prior losses considered, above the amounts transferred or appropriated to establish and maintain said fund.

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