42 U.S. Code § 1437h - Implementation of provisions by Secretary

(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.
(b) Availability of receipts and assets
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 services
The 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.

Source

(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.)
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.
Amendments

2004—Subsec. (a)(2). Pub. L. 108–271substituted “Government Accountability Office” for “General Accounting Office”.
1996—Subsec. (a)(2). Pub. L. 104–316substituted “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. 98–479substituted “chapter 91 of title 31” for “the Government Corporations Control Act, as amended”.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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42 USCDescription of ChangeSession YearPublic LawStatutes at Large

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24 CFR - Housing and Urban Development

24 CFR Part 20 - OFFICE OF HEARINGS AND APPEALS

24 CFR Part 904 - LOW RENT HOUSING HOMEOWNERSHIP OPPORTUNITIES

24 CFR Part 905 - THE PUBLIC HOUSING CAPITAL FUND PROGRAM

24 CFR Part 966 - PUBLIC HOUSING LEASE AND GRIEVANCE PROCEDURE

24 CFR Part 969 - PHA-OWNED PROJECTS—CONTINUED OPERATION AS LOW-INCOME HOUSING AFTER COMPLETION OF DEBT SERVICE

 

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