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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 38 U.S.C. § 2054 Audit us united_states_code code_section 38 VETERANS BENEFITS 20 BENEFITS FOR HOMELESS VETERANS 2054 38 U.S.C. § 2054 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc38@119-100.zip /us/usc/t38/s2054 data/legal/raw/us/code/title-38/usc38.xml 37d0070b610065b6a72948695fa2c2c31e0e690c94e1406360082b3dc76bcca1 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 6ad7a610910f849fd077895a7d846fe80c5cd99f5ac02b7e6a470525fca26eb8 2026-07-04 official
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38 U.S.C. § 2054 - Audit

Text

(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.

(b) After the first three years of operation of such a multifamily transitional housing project, the Secretary may provide for periodic audits of the project.

(Added Pub. L. 105368, title VI, § 601(a), Nov. 11, 1998, 112 Stat. 3345, § 3775; amended Pub. L. 106117, title VII, § 712, Nov. 30, 1999, 113 Stat. 1584; renumbered § 2054, Pub. L. 10795, § 5(d)(1), Dec. 21, 2001, 115 Stat. 918.)

Notes

Editorial Notes

Amendments2001—Pub. L. 10795 renumbered section 3775 of this title as this section. 1999—Pub. L. 106117 designated existing provisions as subsec. (a) and added subsec. (b).

Statutory Notes and Related Subsidiaries

Effective DateSection effective Oct. 1, 1998, see section 602(f) of Pub. L. 105368, set out as an Effective Date of 1998 Amendment note under section 2106 of this title.