Page:United States Statutes at Large Volume 96 Part 1.djvu/1083

 PUBLIC LAW 97-258—SEPT. 13, 1982

96 STAT. 1041

subdivision of a State shall be made available to the Comptroller General. § 7305. State auditing requirements (a) The chief executive officer of each State shall conduct financial and compliance audits of block grant amounts received under the Omnibus Budget Reconciliation Act of 1981 (Public Law 97-35, 95 Stat. 357) and amounts received under a consolidated assistance program established or provided for in the Act. An audit shall be conducted for the 2-year period beginning on October 1, 1981, and for each 2-year period thereafter. As far as practicable, the audit shall be conducted consistent with standards the Comptroller General prescribes for the audit of governmental entities, programs, activities, and functions. (b) An audit under subsection (a) of this section is in place of other financial and compliance audits of those amounts that the chief executive officer of the State is required to conduct under another provision of the Omnibus Budget Reconciliation Act of 1981 (Public Law 97-35, 95 Stat. 357) unless the other provision, by explicit reference to this section, provides otherwise.

SUBTITLE VI—MISCELLANEOUS OHAPTER

91. 93. 95. 97.

SGC

GOVERNMENT CORPORATIONS SURETIES AND SURETY BONDS GOVERNMENT PENSION PLAN PROTECTION MISCELLANEOUS

9101 9301 9501 9701

CHAPTER 91-GOVERNMENT CORPORATIONS Sec. 9101. 9102. 9103. 9104. 9105. 9106. 9107. 9108. 9109.

Definitions. Establishing and acquiring corporations. Budgets of wholly owned Government corporations. Congressional action on budgets of wholly owned Government corporations. Audits. Audit reports. Accounts. Obligations. Exclusion of a wholly owned Government corporation from this chapter.

§9101. Definitions In this chapter— (1) "Government corporation" means a mixed-ownership Government corporation and a wholly owned Government corporation. (2) "mixed-ownership Government corporation" means— (A) Amtrak. (B) the Central Bank for Cooperatives. (C) the Federal Deposit Insurance Corporation. (D) the Federal Home Loan Banks. (E) the Federal Intermediate Credit Banks. (F) the Federal Land Banks. (G) the National Credit Union Administration Central Liquidity Facility. (H) the Regional Banks for Cooperatives. (I) the Rural Telephone Bank when the ownership, control, and operation of the Bank are converted under section

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