42 U.S.C. § 12710: Capacity study

Summary

The Secretary must make sure the Department of Housing and Urban Development has enough staff, training, and resources to do its work, run the multifamily mortgage insurance program, and correct serious problems the Inspector General finds. Within 60 days after November 28, 1990, and each year after, the Secretary must send a study to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services explaining how HUD will keep this capacity and any recommended legal or administrative changes.

Title 42, §12710

The Public Health and Welfare, Source: USLM XML via OLRC

(a)In general

The Secretary shall ensure that the Department of Housing and Urban Development has adequate capacity and resources, including staff and training programs, to carry out its mission and responsibilities to implement the provisions of this Act, including the ability of the Department to carry out the multifamily mortgage insurance program, and the ability to respond to areas identified as “material weaknesses” by the Office of the Inspector General in financial audits or other reports.

(b)Report

Not later than 60 days after November 28, 1990, and annually thereafter, the Secretary shall prepare and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a study detailing the Department’s plan to maintain such capacity, together with any recommendations for legislative and administrative action as the Secretary determines to be appropriate.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This Act, referred to in subsec. (a), is Pub. L. 101–625, Nov. 28, 1990, 104 Stat. 4079, known as the Cranston-Gonzalez National Affordable Housing Act. For complete classification of this Act to the Code, see

Short Title

note set out under section 12701 of this title and Tables.

Amendments

2026—Subsec. (b). Pub. L. 119–101 substituted “Committee on Financial Services” for “Committee on Banking, Finance and Urban Affairs”. 1992—Subsec. (a). Pub. L. 102–550 struck out “, and” after “responsibilities” and substituted for period at end “and the ability to respond to areas identified as ‘material weaknesses’ by the Office of the Inspector General in financial audits or other reports.”

§12710 Capacity Study