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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 3025 Examination and audit us united_states_code code_section 12 BANKS AND BANKING 31 NATIONAL CONSUMER COOPERATIVE BANK 3025 12 U.S.C. § 3025 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s3025 data/legal/raw/us/code/title-12/usc12.xml 3c190f045bb990edd5f82b601f1acedb8b6e38194c27431efe0a38ef0f65e13c e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 5eff60a61c6d19ff90f4f9afe1f019181a070a42681aa7580fc535f505ab4e4d 2026-07-04 official
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12 U.S.C. § 3025 - Examination and audit

Text

The Farm Credit Administration and the Government Accountability Office are hereby authorized and directed to examine and audit the Bank. Reports regarding such examinations and audits shall be promptly forwarded to both Houses of the Congress. The Bank shall reimburse the Farm Credit Administration for the costs of any examination or audit conducted by the Farm Credit Administration.

(Pub. L. 95351, title I, § 115, Aug. 20, 1978, 92 Stat. 511; Pub. L. 9735, title III, § 394(a)(1), Aug. 13, 1981, 95 Stat. 436; Pub. L. 108271, § 8(b), July 7, 2004, 118 Stat. 814.)

Notes

Editorial Notes

Amendments2004—Pub. L. 108271 substituted “Government Accountability Office” for “General Accounting Office”. 1981—Pub. L. 9735 substituted provisions relating to examination and audit by the Farm Credit Administration and the General Accounting Office, for provisions relating to annual examinations and audits by an agency or instrumentality of the Federal Government designated by the President.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 AmendmentPub. L. 9735, title III, § 394(a)(2), Aug. 13, 1981, 95 Stat. 436, provided that: “The amendment made by paragraph (1) [amending this section] shall take effect on the day after the Final Government Equity Redemption Date [Dec. 31, 1981].” For definition of “Final Government Equity Redemption Date”, see section 396(a) of Pub. L. 9735, set out as a note under section 3012 of this title.