§ 1105. — Annual audit.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 47USC1105]
TITLE 47--TELEGRAPHS, TELEPHONES, AND RADIOTELEGRAPHS
CHAPTER 10--LOCAL TV
Sec. 1105. Annual audit
(a) Requirement
The Comptroller General of the United States shall conduct on an
annual basis an audit of--
(1) the administration of the provisions of this chapter; and
(2) the financial position of each applicant who receives a loan
guarantee under this chapter, including the nature, amount, and
purpose of investments made by the applicant.
(b) Report
The Comptroller General shall submit to the Committee on Banking,
Housing, and Urban Affairs of the Senate and the Committee on Banking
and Financial Services of the House of Representatives a report on each
audit conducted under subsection (a) of this section.
(Pub. L. 106-553, Sec. 1(a)(2) [title X, Sec. 1006], Dec. 21, 2000, 114
Stat. 2762, 2762A-138.)
References in Text
This chapter, referred to in subsec. (a), was in the original ``this
Act'', and was translated as reading ``this title''. See References in
Text note set out under section 1101 of this title.
Change of Name
Committee on Banking and Financial Services of House of
Representatives abolished and replaced by Committee on Financial
Services of House of Representatives, and jurisdiction over matters
relating to securities and exchanges and insurance generally transferred
from Committee on Energy and Commerce of House of Representatives by
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.
Section Referred to in Other Sections
This section is referred to in section 1104 of this title.
