38 U.S. Code § 2054 - Audit
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(a) During each of the first 3 years of operation of a multifamily transitional housing project with respect to which a loan is guaranteed under this subchapter, there shall be an annual, independent audit of such operation. Such audit shall include a detailed statement of the operations, activities, and accomplishments of such project during the year covered by such audit. The party responsible for obtaining such audit (and paying the costs therefor) shall be determined before the Secretary issues a guarantee under this subchapter.
Source(Added Pub. L. 105–368, title VI, § 601(a),Nov. 11, 1998, 112 Stat. 3345, § 3775; amended Pub. L. 106–117, title VII, § 712,Nov. 30, 1999, 113 Stat. 1584; renumbered § 2054,Pub. L. 107–95, § 5(d)(1),Dec. 21, 2001, 115 Stat. 918.)
1999—Pub. L. 106–117designated existing provisions as subsec. (a) and added subsec. (b).