Title 42 — The Public Health and WelfareRelease 119-73
§3550 Audit of Department financial statements
Title 42 › Chapter CHAPTER 44— - DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › § 3550
Summary
The Inspector General must hire independent auditors every fiscal year, if funds are provided, to audit HUD’s consolidated financial statement and the Federal Housing Administration (FHA) and Government National Mortgage Association (GNMA) financial statements.
Full Legal Text
Title 42, §3550
The Public Health and Welfare — Source: USLM XML via OLRC
For this fiscal year and each fiscal year thereafter, subject to appropriations for that purpose, the Office of Inspector General shall procure and rely upon the services of an independent external auditor(s) to audit the financial statements of the Department of Housing and Urban Development, including the consolidated financial statement and the financial statements of the Federal Housing Administration and the Government National Mortgage Association.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This fiscal year, referred to in text, is fiscal year 2021. Codification Section was enacted as part of the Department of Housing and Urban Development Appropriations Act, 2021, and also as part of the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2021, and not as part of the Department of Housing and Urban Development Act which comprises this chapter.
Statutory Notes and Related Subsidiaries
Similar ProvisionsProvisions similar to this section were contained in the following prior appropriation act: Pub. L. 116–94, div. H, title II, Dec. 20, 2019, 133 Stat. 2999.
Reference
Citations & Metadata
Citation
42 U.S.C. § 3550
Title 42 — The Public Health and Welfare
Last Updated
Apr 6, 2026
Release point: 119-73